Form 4: Phinia Inc. Executive Todd L. Anderson Reports Acquisition of Common Stock Through Dividend Reinvestment

Todd L. Anderson, VP and Chief Technology Officer of Phinia Inc., reports acquiring 126 shares of common stock through automatic dividend reinvestment on September 13, 2024.

Summary

• On September 17, 2024, a Form 4 filing was submitted to the SEC by Kelly A. Albin as attorney-in-fact for Todd L. Anderson, VP and Chief Technology Officer of Phinia Inc.
• The report details a transaction on September 13, 2024, where Anderson acquired 126 shares of Phinia Inc. common stock through the automatic reinvestment of dividends.
• The acquisition price was $0 per share, and the total number of shares beneficially owned following the transaction is 32,446, which includes 23,485 shares of restricted stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine transaction (dividend reinvestment) by a company executive. It doesn't necessarily indicate a strong positive or negative outlook.

Positives

• The acquisition of shares through dividend reinvestment indicates a continued investment in the company by the executive.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in the company's stock. Dividend reinvestment is a common practice.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves a small number of shares acquired through dividend reinvestment.

Key Dates