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

Robert Boyle, VP, GC and Secretary of Phinia Inc., reports the withholding of 2,594 common stock shares to cover tax obligations upon vesting of restricted stock on February 28, 2024, resulting in a beneficial ownership of 37,909 shares.

Summary

• On February 28, 2024, Robert Boyle, VP, GC and Secretary of Phinia Inc., had 2,594 shares of common stock withheld to satisfy tax obligations upon the vesting of restricted stock.
• The shares were withheld at a price of $33.52 per share.
• Following the transaction, Boyle's beneficial ownership of Phinia Inc. common stock is 37,909 shares, of which 31,334 are restricted stock.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't indicate positive or negative sentiment about the company's performance.

Industry Context

This is a routine Form 4 filing, which is standard practice when company insiders have transactions involving the company's stock. It provides transparency to the market regarding insider activity.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine tax-related stock withholding.

Key Dates