Form 4: Phinia Inc. Executive Reports Stock Transaction to Cover Tax Obligations
SEC Form 4 Filing
Todd L. Anderson, VP and Chief Technology Officer of Phinia Inc., reports a transaction involving the withholding of shares to satisfy tax obligations upon the vesting of restricted stock.
Summary
- On February 28, 2025, Todd L. Anderson, VP and Chief Technology Officer of Phinia Inc., had 2,174 shares of common stock withheld to cover tax obligations.
- The shares were withheld at a price of $49.31 per share.
- Following the transaction, Anderson directly owns 32,164 shares of Phinia Inc., which includes 16,462 shares of restricted stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to the vesting of restricted stock.
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 |
|---|---|
| 02/28/2025 | Date of stock transaction (tax withholding) |
| 03/04/2025 | Date of signature on the Form 4 filing |
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