Form 4: Phinia Inc. Executive Matthew Logar Reports Acquisition of Common Stock Through Dividend Reinvestment
SEC Form 4 Filing
Matthew Logar, VP and CIO of Phinia Inc., reports acquiring 96 shares of common stock through dividend reinvestment on September 13, 2024.
Summary
- On September 13, 2024, Matthew Logar, VP and CIO of Phinia Inc., acquired 96 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, Logar directly owns 17,684 shares of restricted stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction (dividend reinvestment) by a company insider.
Positives
- The acquisition of shares through dividend reinvestment indicates a continued investment in the company by the reporting person.
Industry Context
Form 4 filings are a routine part of the US market and are required by the SEC to provide transparency into the transactions of company insiders. This allows the public to see how company executives are trading their own company's stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves a small number of shares acquired through dividend reinvestment.
Key Dates
| Date | Description |
|---|---|
| 09/13/2024 | Date of transaction: Matthew Logar acquired 96 shares of common stock through dividend reinvestment. |
| 09/17/2024 | Date of signature for the report. |
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