Form 4: Phinia Inc. Director Rohan Weerasinghe Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Rohan Weerasinghe reported acquiring 90 shares of Phinia Inc. common stock through dividend reinvestment.
Summary
- On March 15, 2024, Rohan Weerasinghe, 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, Weerasinghe directly owns 13,220 shares of restricted stock and indirectly owns 12 shares through a managed account.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, reflecting a routine transaction. Therefore, the sentiment is neutral.
Positives
- The acquisition of shares through dividend reinvestment demonstrates the director's continued investment in the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
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 for the report. |
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