Form 4: Phinia Inc. Director Roger Wood Reports Acquisition of Shares Through Dividend Reinvestment
SEC Form 4 Filing
Director Roger Wood acquired 90 shares of Phinia Inc. common stock through automatic dividend reinvestment on March 15, 2024.
Summary
- On March 15, 2024, Roger Wood, a director of Phinia Inc., acquired 90 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 directly owns 13,220 shares of restricted stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The director's participation in dividend reinvestment indicates confidence in the company, but the transaction is small and routine.
Positives
- The acquisition of shares through dividend reinvestment demonstrates the director's continued investment in the company.
Industry Context
This filing is a routine disclosure related to insider transactions and doesn't necessarily reflect a significant event for Phinia Inc. It is common for directors to acquire shares through dividend reinvestment programs.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine acquisition of shares through dividend reinvestment.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: Acquisition of 90 shares of common stock through dividend reinvestment. |
| 03/19/2024 | Date of signature for the Form 4 filing. |
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