Form 4: Phinia Inc. Director Samuel R. Chapin Reports Changes in Beneficial Ownership

Director Samuel R. Chapin reports changes in beneficial ownership of Phinia Inc. stock due to dividend reinvestment.

Summary

• On September 13, 2024, Samuel R. Chapin, a director of Phinia Inc., reported changes in his beneficial ownership of the company's common stock.
• The transaction involved the acquisition of 18 shares of common stock through the automatic reinvestment of dividends on outstanding restricted stock.
• Following the transaction, Chapin beneficially owns 20,519 shares of common stock, including 3,299 shares of restricted stock.
• Chapin has granted power of attorney to Robert Boyle, Kelly Albin, and Lissette Jimenez to handle Section 16 filings related to Phinia Inc. equity securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing reflecting a routine transaction. It doesn't convey any particularly positive or negative sentiment.

Positives

• The acquisition of shares through dividend reinvestment indicates a continued investment in the company by the director.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into 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