Form 4: Phinia Inc. CFO Chris P. Gropp Reports Stock Award
SEC Form 4 Filing
Chris P. Gropp, CFO of Phinia Inc., reports the acquisition of restricted stock and shares held by a spouse.
Summary
- Chris P. Gropp, the CFO of Phinia Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 26, 2025, Gropp acquired 6,528 shares of common stock as a restricted stock award, vesting in three annual installments starting February 28, 2026.
- He also acquired 890 shares of common stock held by his spouse, also as restricted stock.
- Following these transactions, Gropp directly owns 70,797 shares of common stock, including 63,011 shares of restricted stock.
- His spouse indirectly owns 4,346 shares of restricted stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Positives
- The acquisition of restricted stock aligns the CFO's interests with the long-term performance of the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The stock award to the CFO could be viewed positively by shareholders as it aligns management's interests with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of stock award transaction. |
| 02/28/2025 | Date of report filing. |
| 02/28/2026 | First vesting date for the restricted stock award. |
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