Form 4: Phinia Inc. Executive Todd L. Anderson Reports Acquisition of Common Stock Through Dividend Reinvestment
SEC Form 4 Filing
Todd L. Anderson, VP and Chief Technology Officer of Phinia Inc., acquired 143 shares of common stock through automatic dividend reinvestment on June 14, 2024.
Summary
- On June 14, 2024, Todd L. Anderson, VP and Chief Technology Officer of Phinia Inc., acquired 143 shares of common stock.
- The acquisition was a result of the automatic reinvestment of dividends on outstanding restricted stock held by Anderson.
- The price per share was $0.
- Following the transaction, Anderson beneficially owns 32,320 shares of Phinia Inc., including 23,359 shares of restricted stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction (dividend reinvestment) and doesn't indicate any significant positive or negative outlook for the company.
Positives
- The acquisition of shares through dividend reinvestment demonstrates the executive's continued investment in the company.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is important for investor confidence.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 06/14/2024 | Date of transaction: acquisition of common stock through dividend reinvestment. |
| 06/17/2024 | Date of signature for the Form 4 filing. |
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