Form 4: Phinia Inc. Director Robin Kendrick Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Robin Kendrick reports acquisition of Phinia Inc. common stock through dividend reinvestment and holdings through a trust.
Summary
- On March 15, 2024, Robin Kendrick, a director of Phinia Inc., acquired 90 shares of common stock due to the automatic reinvestment of dividends on outstanding restricted stock.
- The price per share was $0.
- Following the transaction, Kendrick directly owns 13,220 shares of restricted stock and indirectly owns 15,540 shares through a trust.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reflects a routine transaction (dividend reinvestment) and doesn't contain any significantly positive or negative information.
Positives
- The director's continued holding of shares demonstrates confidence in the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company through dividend reinvestment.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves a small number of shares acquired through dividend reinvestment.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: acquisition of common stock through dividend reinvestment. |
| 03/19/2024 | Date of signature on the report. |
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