Form 4: Phinia Inc. Executive Michael Coetzee Reports Stock Transaction
SEC Form 4 Filing
VP and GM Fuel Systems Americas, Michael Coetzee, reports disposition of shares to cover tax obligations upon vesting of restricted stock.
Summary
- On February 28, 2025, Michael Coetzee, VP and GM Fuel Systems Americas at Phinia Inc., disposed of 2,676 shares of common stock to satisfy tax withholding requirements upon the vesting of restricted stock.
- The transaction was executed at a price of $49.31 per share.
- Following the transaction, Coetzee beneficially owns 29,182 shares, including 17,099 shares of restricted stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is related to tax obligations arising from the vesting of restricted stock, a common form of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of stock transaction (disposal of shares). |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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