Form 4: Phinia Inc. Executive Christopher Gustanski Reports Changes in Beneficial Ownership

Christopher Gustanski, VP of Operational Excellence at Phinia Inc., reports acquisition of shares through dividend reinvestment and disposition of shares to cover tax obligations.

Summary

• On March 15, 2024, Christopher Gustanski, VP of Operational Excellence at Phinia Inc., reported changes in his beneficial ownership of the company's common stock.
• He acquired 194 shares of common stock through the automatic reinvestment of dividends on outstanding restricted stock at a price of $0 per share.
• He disposed of 16 shares of common stock at $36.29 per share to satisfy tax withholding obligations.
• Following these transactions, Gustanski beneficially owns 26,175 shares of Phinia Inc. common stock, including 21,019 shares of restricted stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and tax obligations, with no indication of significant positive or negative developments.

Positives

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

Negatives

• The disposal of shares to cover tax obligations, while routine, slightly reduces the executive's holdings.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing is typical for executives receiving stock-based compensation and managing their tax obligations.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates