Form 4: Phinia Inc. Executive Todd L. Anderson Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Todd L. Anderson, VP and Chief Technology Officer of Phinia Inc., reports a transaction involving common stock due to tax withholding upon vesting of restricted stock.
Summary
- On February 28, 2024, Todd L. Anderson, VP and Chief Technology Officer of Phinia Inc., reported a transaction involving the company's common stock.
- 2,152 shares were disposed of to satisfy tax withholding requirements upon the vesting of restricted stock at a price of $33.52 per share.
- Following the transaction, Anderson beneficially owns 31,974 shares of Phinia Inc., including 23,058 restricted shares.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive stock transactions, and doesn't inherently indicate positive or negative sentiment. It's a neutral event.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure upon the vesting of restricted stock, which is a common form of executive compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard procedure for tax withholding on executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of transaction involving the disposal of shares for tax withholding. |
| 03/01/2024 | Date of signature for the report. |
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