Form 4: Phinia Inc. Executive Michael Coetzee Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Michael Coetzee, VP and GM Fuel Systems Americas at Phinia Inc., reports acquisition of restricted stock through dividend reinvestment and shares withheld for tax obligations.
Summary
- On March 14, 2025, Michael Coetzee, VP and GM Fuel Systems Americas at Phinia Inc., reported changes in his beneficial ownership of the company's common stock.
- He acquired 150 shares of restricted stock through the automatic reinvestment of dividends at a price of $0.
- Additionally, 18 shares were automatically withheld to satisfy tax obligations at a price of $42.88.
- Following these transactions, Coetzee's direct ownership includes 29,314 shares, including 17,193 shares of restricted stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Positives
- The acquisition of shares through dividend reinvestment indicates a continued investment in the company by the executive.
Industry Context
Form 4 filings are a routine part of compliance for company insiders and provide transparency into their transactions in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of the reported transactions: acquisition of restricted stock and tax withholding. |
| 03/18/2025 | Date of signature for the Form 4 filing. |
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