Form 4: Phinia Inc. Director Rohan Weerasinghe Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Rohan Weerasinghe reported acquiring 20 shares of Phinia Inc. common stock through dividend reinvestment on June 14, 2024.
Summary
- On June 14, 2024, Rohan Weerasinghe, 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, Weerasinghe directly owns 16,501 shares of common stock, including 3,281 shares of restricted stock.
- Weerasinghe also indirectly owns shares through a managed account.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reflects a routine transaction (dividend reinvestment) and doesn't indicate any significant positive or negative developments.
Positives
- The acquisition of shares through dividend reinvestment demonstrates a continued investment in the company by a director.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies.
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 |
|---|---|
| 06/14/2024 | Date of transaction: Rohan Weerasinghe acquired 20 shares of common stock through dividend reinvestment. |
| 06/17/2024 | Date of report: Form 4 filing date. |
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