Form 4: Phinia Inc. Director Rohan Weerasinghe Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Rohan Weerasinghe reports acquisition of common stock through dividend reinvestment and holdings in managed accounts.
Summary
- On September 13, 2024, Rohan Weerasinghe, a director of Phinia Inc., reported changes in beneficial ownership of the company's common stock.
- The report indicates an acquisition of 18 shares of common stock through the automatic reinvestment of dividends on outstanding restricted stock.
- Weerasinghe directly owns 16,519 shares, including 3,299 shares of restricted stock.
- Weerasinghe also indirectly owns common stock through a managed account.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transaction is a routine dividend reinvestment. Therefore, the sentiment is neutral.
Positives
- The acquisition of shares through dividend reinvestment demonstrates a continued investment in the company by the director.
Industry Context
This filing is a routine disclosure related to insider trading regulations and provides transparency regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
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 filing. |
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