Form 4: Phinia Inc. Director Latondra Newton Reports Acquisition of Common Stock

Director Latondra Newton reports acquiring 20 shares of Phinia Inc. common stock through dividend reinvestment.

Summary

• On June 14, 2024, Latondra Newton, a director of Phinia Inc., acquired 20 shares of common stock.
• The acquisition was a result of automatic reinvestment of dividends on outstanding restricted stock.
• The price per share was $0.
• Following the transaction, Newton beneficially owns 16,501 shares of common stock, including 3,281 shares of restricted stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's continued investment through dividend reinvestment suggests confidence in the company's prospects, but the transaction is routine and doesn't indicate a major shift in sentiment.

Positives

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

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates a director's continued investment in the company through dividend reinvestment, which is a common practice.

Comparison to Industry Standards

• Directors commonly acquire shares through dividend reinvestment programs.
• The filing is consistent with SEC regulations requiring timely disclosure of insider transactions, similar to filings made by directors and officers at comparable companies like BorgWarner or Cummins.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it involves a small number of shares acquired through dividend reinvestment.

Key Dates