Form 4: Phinia Inc. Director Brady D. Ericson Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Brady D. Ericson, a Director and the President and CEO of Phinia Inc., reported a transaction involving the withholding of shares to satisfy tax obligations upon the vesting of restricted stock.
Summary
- On February 28, 2024, Brady D. Ericson, a Director and the President and CEO of Phinia Inc., had 7,392 shares of common stock withheld to cover tax obligations related to the vesting of restricted stock.
- The shares were withheld at a price of $33.52 per share.
- Following the transaction, Ericson beneficially owns 431,330 shares of Phinia Inc., including 234,279 restricted shares and 108,855 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding insider transactions, which has a neutral sentiment.
Industry Context
This is a routine filing related to insider transactions and is a normal part of corporate governance.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax-related share withholding.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of transaction: Shares withheld for tax obligations. |
| 03/01/2024 | Date of signature on the report. |
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