Form 4: Phinia Inc. Director Roger Wood Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Roger Wood reports acquisition of Phinia Inc. common stock through dividend reinvestment.
Summary
- On September 13, 2024, Director Roger Wood acquired 18 shares of Phinia Inc. common stock through dividend reinvestment at a price of $0 per share.
- Following the transaction, Wood directly owns 16,519 shares of common stock, including 3,299 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. It doesn't inherently indicate positive or negative sentiment towards the company's prospects.
Positives
- The acquisition of shares through dividend reinvestment indicates a continued investment in the company by the director.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.
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 |
|---|---|
| 2024-01-31 | Date of Power of Attorney execution. |
| 2024-09-13 | Date of transaction: acquisition of common stock through dividend reinvestment. |
| 2024-09-16 | Date of report signature. |
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