Form 4: Phinia Inc. Director Latondra Newton Reports Acquisition of 3,261 Shares of Common Stock
SEC Form 4 Filing
Director Latondra Newton reported acquiring 3,261 shares of Phinia Inc. common stock on May 9, 2024, as part of an annual grant of restricted stock to independent directors.
Summary
- On May 9, 2024, Latondra Newton, a director of Phinia Inc., acquired 3,261 shares of common stock.
- The acquisition was part of an annual grant of restricted stock to independent directors.
- Following the transaction, Newton beneficially owns 16,481 shares of Phinia Inc.
- The shares were acquired at a price of $0.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by a director is generally viewed favorably, suggesting confidence in the company. However, it's a routine transaction (annual grant), so the impact is limited.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is important for maintaining investor confidence.
Key Dates
| Date | Description |
|---|---|
| 05/09/2024 | Date of transaction: Latondra Newton acquired 3,261 shares of Phinia Inc. common stock. |
| 05/13/2024 | Date of signature: Form 4 signed by Kelly A. Albin as attorney-in-fact for Latondra Newton. |
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