Form 4: Phinia Inc. Director Roger Wood Reports Acquisition of Common Stock

Director Roger Wood reported acquiring 20 shares of Phinia Inc. common stock through dividend reinvestment on June 14, 2024.

Summary

• On June 14, 2024, Roger Wood, 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, Wood beneficially owns 16,501 shares of common stock, including 3,281 shares of restricted stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing simply reports a routine transaction (dividend reinvestment) by a company director.

Positives

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

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company directors and officers.

Stakeholder Impact

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

Key Dates