Form 4: Phinia Inc. Director Samuel R. Chapin Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Samuel R. Chapin reports acquiring 20 shares of Phinia Inc. common stock through dividend reinvestment.
Summary
- On June 14, 2024, Samuel R. Chapin, 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, Chapin directly owns 20,501 shares of Phinia Inc., including 3,281 shares of restricted stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The director's continued investment through dividend reinvestment is a positive signal, but the transaction itself is small and routine.
Positives
- The acquisition of shares through dividend reinvestment demonstrates Chapin's continued investment in Phinia Inc.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency regarding 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 |
|---|---|
| 06/14/2024 | Date of transaction: Acquisition of 20 shares of common stock through dividend reinvestment. |
| 06/17/2024 | Date of signature on the Form 4 filing. |
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