Form 4: Phinia Inc. CFO Chris P. Gropp Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Chris P. Gropp, CFO of Phinia Inc., reports a transaction involving the withholding of shares to cover tax obligations upon vesting of restricted stock.
Summary
- On February 28, 2024, Chris P. Gropp, the Vice President and CFO of Phinia Inc., had 2,708 shares of common stock withheld to satisfy tax obligations related to the vesting of restricted stock.
- The shares were withheld at a price of $33.52 per share.
- Following the transaction, Gropp beneficially owns 62,927 shares of Phinia Inc., including 55,192 shares of restricted stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it relates to internal tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of transaction: Shares withheld for tax obligations. |
| 03/01/2024 | Date of signature on the report. |
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