Form 4: Phinia Inc. Director Norman Daun Reports Stock Transactions

Director Norman Daun of Phinia Inc. reported acquiring 16 shares of common stock and holding 16,535 shares of restricted stock.

Summary

• Director Norman Daun of Phinia Inc. reported a transaction on December 13, 2024.
• The transaction involved the acquisition of 16 shares of common stock.
• These shares were acquired through the automatic reinvestment of dividends on outstanding restricted stock.
• Mr. Daun also holds 16,535 shares of restricted stock, which includes 3,315 shares of restricted stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of a stock transaction, which is neither positive nor negative in itself.

Industry Context

This is a routine filing related to insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The reported transaction is typical for directors who receive stock-based compensation and participate in dividend reinvestment programs.
• Similar filings are made by directors and officers of comparable companies such as BorgWarner and Cummins.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine insider transaction.

Key Dates

Keywords

Phinia Inc., Norman Daun, stock transaction, Form 4, director, restricted stock, dividend reinvestment