Form 4: Phinia Inc. Director Rohan Weerasinghe Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Rohan Weerasinghe reports acquisition of 21 common stock shares through dividend reinvestment and disposition of 12 shares held by managed account.
Summary
- On March 14, 2025, Rohan Weerasinghe, a director of Phinia Inc., reported changes in beneficial ownership of the company's common stock.
- Weerasinghe acquired 21 shares of common stock through the automatic reinvestment of dividends on outstanding restricted stock.
- The price per share for the dividend reinvestment was $0.
- Weerasinghe also disposed of 12 shares of common stock held by a managed account.
- Following these transactions, Weerasinghe directly owns 22,686 shares of common stock, including 3,336 shares of restricted stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports transactions without expressing any positive or negative outlook.
Positives
- The acquisition of shares through dividend reinvestment indicates a continued investment in the company by the director.
Negatives
- The disposition of 12 shares, although small, could be interpreted negatively.
Risks
- There are no specific risks highlighted in this document, which is a standard SEC Form 4 filing.
Future Outlook
The document does not contain any forward-looking statements.
Industry Context
This is a routine filing related to changes in beneficial ownership by a company insider, which is common and expected in the corporate environment.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders' perception of the company.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of the reported transactions (acquisition and disposition of shares). |
| 03/18/2025 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.