Form 4: Phinia Inc. Director Brady D. Ericson Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Brady D. Ericson, President and CEO of Phinia Inc., reports a transaction involving common stock to cover tax obligations upon vesting of restricted stock units.
Summary
- On December 31, 2024, Brady D. Ericson, President and CEO and a director of Phinia Inc., had 25,353 shares of common stock automatically withheld to satisfy tax obligations when restricted stock units vested.
- Following this transaction, Ericson directly owns 409,107 shares of Phinia Inc., which includes 239,761 shares of restricted stock and 53,254 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction related to executive compensation; it doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on the total outstanding shares, and is unlikely to significantly affect shareholders.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of transaction where shares were withheld for tax obligations. |
| 01/02/2025 | Date of report signature. |
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