Form 4: Phinia Inc. Executive Pedro Rui Neto de Abreu Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Pedro Rui Neto de Abreu, VP and Chief Strategy Officer of Phinia Inc., reports acquisition and disposal of common stock due to dividend reinvestment and tax withholding.
Summary
- On March 14, 2025, Pedro Rui Neto de Abreu, VP and Chief Strategy Officer of Phinia Inc., reported changes in beneficial ownership of the company's common stock.
- He acquired 120 shares of common stock through the automatic reinvestment of dividends on outstanding restricted stock units at a price of $0 per share.
- He disposed of 20 shares of common stock at $42.88 per share to satisfy tax withholding requirements.
- Following these transactions, Neto de Abreu beneficially owns 20,711 shares of Phinia Inc. common stock, including 2,077 shares of restricted stock and 13,152 restricted stock units.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations. There is no indication of significant positive or negative developments.
Positives
- The acquisition of shares through dividend reinvestment indicates a continued investment in the company by the reporting person.
Negatives
- The disposal of shares to cover tax withholding, while routine, slightly reduces the reporting person's holdings.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It is a standard practice for executives to receive stock-based compensation and to have shares withheld for tax purposes.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are related to routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of transaction (acquisition and disposal of shares). |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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