Form 4: PHINIA CFO Gropp Increases Stake via Dividend Reinvestment

PHINIA's Senior Vice President and CFO, Chris P. Gropp, acquired additional common stock through automatic dividend reinvestment on restricted stock awards.

Summary

• Chris P. Gropp, Senior Vice President and CFO of PHINIA INC. (PHIN), acquired 143 shares of common stock on March 20, 2026, at a price of $0.
• An additional 9 shares of common stock were acquired by Mr. Gropp on the same date, also at a price of $0.
• These acquisitions reflect shares of restricted stock obtained through the automatic reinvestment of dividends on outstanding restricted stock awards, as per the terms of these awards.
• Following these transactions, Mr. Gropp directly beneficially owns 63,910 shares of common stock, which includes 30,196 shares of restricted stock.
• Mr. Gropp indirectly beneficially owns 3,967 shares of common stock through his spouse, which includes 1,800 shares of restricted stock, though he disclaims beneficial ownership of these securities.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. It is a routine, non-discretionary transaction related to executive compensation and dividend policy, rather than a strategic investment decision by the insider.

Positives

• The acquisition of shares through dividend reinvestment indicates a continued accumulation of equity by a key executive, aligning management interests with shareholders.
• The transaction is a non-discretionary event, reflecting the terms of existing restricted stock awards and dividend policies.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those involving dividend reinvestment on restricted stock, are routine disclosures and generally do not signal significant shifts in company strategy or performance. Such transactions reflect standard compensation and equity accumulation practices for executives.

Comparison to Industry Standards

• Dividend reinvestment on restricted stock is a common practice across industries for executive compensation, ensuring that equity awards continue to grow with company performance and dividend distributions.
• The reported transaction size is relatively small compared to the total holdings, which is typical for routine dividend reinvestment events rather than discretionary open-market purchases or sales.

Related Party Transactions

• The acquisition of shares by Chris P. Gropp, a Senior Vice President and CFO of PHINIA INC., constitutes a related party transaction as it involves an executive of the company.

Stakeholder Impact

• Shareholders: The transaction demonstrates continued equity accumulation by a key executive, which can be viewed positively as it aligns management's interests with shareholder value over the long term.
• Employees: No direct impact on employees is indicated by this routine transaction.

Key Dates

Keywords

PHINIA INC., PHIN, Chris P. Gropp, Insider Transaction, Form 4, Restricted Stock, Dividend Reinvestment, Beneficial Ownership, CFO