Form 4: Phinia Inc. Executive Todd L. Anderson Reports Changes in Beneficial Ownership
SEC Form 4 Filing
VP and Chief Tech. Officer of Phinia Inc., Todd L. Anderson, reports acquisition of shares through dividend reinvestment and disposition of shares to cover tax obligations.
Summary
- On March 15, 2024, Todd L. Anderson, VP and Chief Technology Officer of Phinia Inc., reported changes in beneficial ownership of the company's common stock.
- Anderson acquired 219 shares of common stock through the automatic reinvestment of dividends on outstanding restricted stock at a price of $0 per share.
- Concurrently, Anderson disposed of 16 shares of common stock at $36.29 per share to satisfy tax withholding obligations.
- Following these transactions, Anderson directly owns 32,177 shares of Phinia Inc., including 23,216 shares of restricted stock.
Sentiment
Score: 5
Explanation: The document reflects standard insider trading activity related to dividend reinvestment and tax obligations, indicating a neutral sentiment.
Positives
- The acquisition of shares through dividend reinvestment indicates a continued investment in the company by the reporting person.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are related to routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of the reported transactions: acquisition of shares via dividend reinvestment and disposition of shares for tax withholding. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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