Form 4: Phinia Inc. Executive Robert Boyle Reports Changes in Beneficial Ownership

Robert Boyle, VP, GC and Secretary of Phinia Inc., reports acquisition of shares through dividend reinvestment and disposition of shares to cover tax obligations.

Summary

• On March 15, 2024, Robert Boyle, VP, GC and Secretary of Phinia Inc., acquired 274 shares of common stock through automatic dividend reinvestment at a price of $0.
• On the same day, Boyle disposed of 18 shares of common stock at $36.29 per share to satisfy tax withholding obligations.
• Following these transactions, Boyle beneficially owns 38,165 shares of Phinia Inc., including 31,549 shares of restricted stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reflects routine transactions related to dividend reinvestment and tax obligations.

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 obligations, while routine, slightly reduces the executive's holdings.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minimal impact on stakeholders as they are routine and do not indicate a significant change in the executive's holdings or sentiment.

Key Dates