Form 4: Phinia Inc. Director Robin Kendrick Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Robin Kendrick reports acquisition and disposal of Phinia Inc. common stock through a trust and dividend reinvestment.
Summary
- On June 13, 2024, Robin Kendrick, a director of Phinia Inc., acquired 94.489 shares of common stock at $41.116 per share through a trust.
- On June 14, 2024, Kendrick acquired 20 shares of restricted stock due to automatic reinvestment of dividends.
- Following these transactions, Kendrick directly owns 16,501 shares, including 3,281 shares of restricted stock, and indirectly owns 15,634.489 shares through a trust.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing reflects routine transactions by a company director, with no indication of significant positive or negative developments.
Positives
- The acquisition of shares through dividend reinvestment indicates a long-term investment perspective by the director.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency to the market regarding their transactions in the company's stock.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 06/13/2024 | Acquisition of 94.489 shares of common stock through a trust. |
| 06/14/2024 | Acquisition of 20 shares of restricted stock due to automatic dividend reinvestment. |
| 06/17/2024 | Date of signature for the Form 4 filing. |
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