Form 4: Phinia Inc. CFO Chris P. Gropp Reports Acquisition of Common Stock Through Dividend Reinvestment
SEC Form 4 Filing
Chris P. Gropp, CFO of Phinia Inc., acquired 340 shares of common stock through automatic dividend reinvestment on June 14, 2024, increasing his total holdings to 63,690 shares.
Summary
- On June 14, 2024, Chris P. Gropp, the Vice President and CFO of Phinia Inc., acquired 340 shares of common stock.
- The acquisition was a result of the automatic reinvestment of dividends on outstanding restricted stock.
- The price per share was $0.
- Following the transaction, Gropp's total beneficial ownership of Phinia Inc. common stock is 63,690 shares, which includes 55,912 shares of restricted stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. It reflects routine insider activity (dividend reinvestment) and continued investment in the company by a key executive.
Positives
- The acquisition of shares through dividend reinvestment demonstrates Gropp's continued investment in Phinia Inc.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company securities, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 06/14/2024 | Date of transaction: acquisition of 340 shares of common stock through dividend reinvestment. |
| 06/17/2024 | Date of signature by attorney-in-fact for Chris P. Gropp. |
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