Form 4: Phinia Inc. Director Samuel R. Chapin Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Samuel R. Chapin reports acquiring 21 shares of Phinia Inc. common stock through dividend reinvestment.
Summary
- On March 14, 2025, Samuel R. Chapin, a director of Phinia Inc., acquired 21 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 beneficially owns 20,556 shares of common stock, including 3,336 shares of restricted stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction (dividend reinvestment) by a director, indicating continued investment but not necessarily a major shift in outlook.
Positives
- The acquisition of shares through dividend reinvestment indicates a continued investment in the company by a director.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track confidence and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of transaction: Acquisition of 21 shares of common stock through dividend reinvestment. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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