Form 4: Phinia Inc. CFO Chris P. Gropp Reports Stock Transactions
SEC Form 4 Filing
Chris P. Gropp, CFO of Phinia Inc., reports the withholding of shares to cover tax obligations upon vesting of restricted stock.
Summary
- On February 28, 2025, Chris P. Gropp, the Vice President and CFO of Phinia Inc., reported transactions involving the company's common stock.
- A total of 3,827 shares were withheld to satisfy tax obligations at a price of $49.31 per share.
- Additionally, 500 shares held by Mr. Gropp's spouse were withheld for tax purposes at the same price.
- Following these transactions, Mr. Gropp directly owns 66,970 shares of common stock, including 49,924 shares of restricted stock.
- His spouse indirectly owns 3,846 shares, including 2,875 shares of restricted stock, of which Mr. Gropp disclaims beneficial ownership.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common for publicly traded companies.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily relate to tax obligations of a company executive.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of stock transactions (withholding for taxes). |
| 03/04/2025 | Date of report signature. |
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