Form 4: Phinia Inc. Executive Matthew Logar Reports Acquisition of Common Stock Through Dividend Reinvestment

Matthew Logar, VP and CIO of Phinia Inc., reports acquiring 107 shares of common stock through dividend reinvestment on June 14, 2024, increasing his holdings to 17,588 shares of restricted stock.

Summary

• On June 14, 2024, Matthew Logar, VP and CIO of Phinia Inc., acquired 107 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's total holdings amount to 17,588 shares of restricted stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects a routine transaction (dividend reinvestment) by a company executive. It doesn't indicate any significant positive or negative development.

Positives

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

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track confidence and alignment of interests.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves a small number of shares acquired through dividend reinvestment.

Key Dates