Form 4: Phinia Inc. Executive John Lipinski Reports Changes in Beneficial Ownership
SEC Form 4 Filing
John Lipinski, VP and GM Fuel Systems Europe at Phinia Inc., reports the disposal of 1,009 common stock shares to cover tax obligations upon vesting of restricted stock on February 28, 2024.
Summary
- On February 28, 2024, John Lipinski, a VP and GM at Phinia Inc., disposed of 1,009 shares of common stock.
- The transaction was executed to satisfy tax withholding requirements related to the vesting of restricted stock.
- The shares were disposed of at a price of $33.52 per share.
- Following the transaction, Lipinski directly owns 22,893 shares, of which 19,299 are restricted stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates a standard tax-related stock disposal.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine tax-related disposal of shares.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of transaction: Disposal of 1,009 shares of common stock. |
| 03/01/2024 | Date of signature for the report. |
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