Form 4: Phinia Inc. Executive Neto de Abreu Reports Stock Transaction
SEC Form 4 Filing
Pedro Rui Neto de Abreu, VP and Chief Strategy Officer of Phinia Inc., reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On February 28, 2025, Pedro Rui Neto de Abreu, VP and Chief Strategy Officer of Phinia Inc., disposed of 2,929 shares of common stock to satisfy tax withholding requirements.
- The shares were sold at a price of $49.31 per share.
- Following the transaction, Neto de Abreu beneficially owns 20,611 shares, including 2,077 shares of restricted stock and 13,070 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
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. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.