PHIN.NYSEPhinia INC

Form 4: Phinia Inc. Director Brady D. Ericson Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing

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Brady D. Ericson, a director and the President and CEO of Phinia Inc., reported the acquisition and disposal of common stock due to dividend reinvestment and tax withholding.

Summary

  • On March 15, 2024, Brady D. Ericson, President and CEO of Phinia Inc., reported changes in beneficial ownership of the company's common stock.
  • Ericson acquired 2,540 shares of common stock through the automatic reinvestment of dividends on restricted stock and restricted stock units.
  • 78 shares were disposed of to satisfy tax withholding requirements at a price of $36.29 per share.
  • Following these transactions, Ericson beneficially owns 433,792 shares of common stock, including 235,892 shares of restricted stock and 109,604 restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and dividend reinvestment, with no indication of significant positive or negative developments.

Positives

  • The acquisition of shares through dividend reinvestment indicates a continued investment in the company by the CEO.

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company stock, ensuring transparency and compliance with SEC regulations.

Key Dates

DateDescription
03/15/2024Date of transaction: acquisition of shares via dividend reinvestment and disposal of shares for tax withholding.
03/19/2024Date of signature on the Form 4 filing.

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