Form 4: Phinia Inc. Executive Chris P. Gropp Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Chris P. Gropp, Vice President and CFO of Phinia Inc., reports acquisition and disposal of common stock due to dividend reinvestment and tax withholding.
Summary
- On March 15, 2024, Chris P. Gropp, Vice President and CFO of Phinia Inc., reported changes in beneficial ownership of the company's common stock.
- Gropp acquired 442 shares of common stock through automatic reinvestment of dividends on outstanding restricted stock at a price of $0 per share.
- Concurrently, 19 shares were disposed of to satisfy tax withholding obligations at a price of $36.29 per share.
- Following these transactions, Gropp beneficially owns 63,350 shares of Phinia Inc., including 55,634 shares of restricted stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects routine transactions related to dividend reinvestment and tax obligations.
Positives
- The acquisition of shares through dividend reinvestment indicates a continued investment in the company by the CFO.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the trading activities of company executives.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: acquisition of shares through dividend reinvestment and disposal of shares for tax withholding. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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