Form 4: Phinia Inc. Executive Neil Fryer Reports Stock Transactions

Neil Fryer, VP and GM Global Aftermarket at Phinia Inc., reports acquiring and disposing of common stock and restricted stock units.

Summary

• On March 15, 2024, Neil Fryer, VP and GM Global Aftermarket at Phinia Inc., reported transactions involving the company's common stock.
• Fryer acquired 3.375 shares of common stock at $37.698 per share through an automatic dividend reinvestment.
• He also acquired 208 restricted stock units following the automatic reinvestment of dividend equivalents.
• Additionally, 21 shares were withheld to satisfy tax obligations at a price of $36.29.
• Following these transactions, Fryer beneficially owns 28,046.101 shares, including 22,956 restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document simply reports routine stock transactions by an executive. There is no indication of positive or negative implications for the company's performance.

Positives

• The automatic dividend reinvestment feature allows for incremental increases in share ownership.

Industry Context

Form 4 filings are standard practice for reporting insider transactions, providing transparency to the market regarding the buying and selling activities of company executives and directors.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders as they involve a small number of shares and are related to dividend reinvestment and tax obligations.

Key Dates