Form 4: Phinia Inc. CFO Chris P. Gropp Reports Stock Transactions

Phinia Inc.'s CFO, Chris P. Gropp, reported the acquisition of common stock and restricted stock through dividend reinvestment and spousal holdings.

Summary

• Chris P. Gropp, the Vice President and CFO of Phinia Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On December 13, 2024, Mr. Gropp acquired 267 shares of common stock through the automatic reinvestment of dividends on his restricted stock.
• He also acquired 16 shares of restricted stock held by his spouse, which are reported as indirectly owned.
• Following these transactions, Mr. Gropp directly owns 64,269 shares of common stock, including 56,483 shares of restricted stock.
• He also indirectly owns 3,456 shares of restricted stock through his spouse.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock transactions by an executive, which is neither positive nor negative in itself.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the stock ownership of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
• The transactions reported are typical for executives who receive stock-based compensation and participate in dividend reinvestment programs.
• The level of detail provided is consistent with SEC requirements for Form 4 filings.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are routine and do not represent a significant change in ownership.
• The filing provides transparency to stakeholders regarding executive stock ownership.

Key Dates

Keywords

Form 4, Beneficial Ownership, Insider Trading, Stock Acquisition, Dividend Reinvestment, Restricted Stock, Phinia Inc., Chris P. Gropp