Form 4: Phinia Inc. Executive Pedro Rui Neto de Abreu Reports Stock Transaction
SEC Form 4 Filing
Pedro Rui Neto de Abreu, a VP and GM at Phinia Inc., reports the disposal of 1,723 common stock shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On February 28, 2024, Pedro Rui Neto de Abreu, a VP and GM at Phinia Inc., disposed of 1,723 shares of common stock.
- The transaction was executed to satisfy tax withholding requirements upon the vesting of restricted stock units.
- The shares were disposed of at a price of $33.52 per share.
- Following the transaction, Neto de Abreu beneficially owns 21,011 shares, including 18,726 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine stock transaction related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of the stock transaction (disposal of shares). |
| 03/01/2024 | Date of signature for the report. |
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