Form 4: Phinia Inc. Director Samuel R. Chapin Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Samuel R. Chapin reported acquiring 90 shares of Phinia Inc. common stock through dividend reinvestment on March 15, 2024.
Summary
- On March 15, 2024, Samuel R. Chapin, 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, Chapin directly owns 17,220 shares of common stock, including 13,220 shares of restricted stock.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction (dividend reinvestment) by a company director.
Industry Context
This is a routine disclosure related to insider transactions and dividend reinvestments, common in publicly traded companies.
Stakeholder Impact
- The transaction has a negligible 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 90 shares of common stock through dividend reinvestment. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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