Form 4: PHINIA Inc. VP and CIO Matthew Logar Increases Stake Through Restricted Stock Dividend Reinvestment
Insider Transaction Report
Matthew Logar, VP and CIO of PHINIA Inc., has increased his beneficial ownership in the company by acquiring 116 shares of common stock through the automatic reinvestment of dividends on his outstanding restricted stock.
Summary
- Matthew Logar, VP and CIO of PHINIA Inc. (PHIN), acquired 116 shares of common stock on June 16, 2025.
- These shares were acquired at a price of $0, reflecting the automatic reinvestment of dividends on his existing restricted stock awards.
- Following this transaction, Mr. Logar's direct beneficial ownership in PHINIA Inc. stands at 19,760 shares.
- This total includes 18,542 shares of restricted stock, which also accounts for reinvested dividends.
- The filing was made pursuant to Section 16(a) of the Securities Exchange Act of 1934.
Sentiment
Score: 6
Explanation: The acquisition of shares through dividend reinvestment, while not a direct purchase, indicates an increase in insider holdings and alignment with shareholder interests, which is mildly positive.
Positives
- The acquisition of additional shares, even through dividend reinvestment, indicates continued alignment of management's interests with shareholders.
- The transaction reflects the terms of existing restricted stock awards, suggesting a structured compensation plan.
Negatives
- No specific negatives are identified in this routine insider transaction report.
Risks
- No specific risks related to the company's operations or financial health are disclosed in this Form 4 filing.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Management Comments
- Reflects shares of restricted stock acquired following the automatic reinvestment of dividends on outstanding restricted stock held on the dividend record date, as required by the terms of such awards.
Industry Context
This Form 4 filing is a routine disclosure of an insider transaction and does not provide broader industry context or trends.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Matthew Logar granted a Power of Attorney to Robert Boyle, Kelly Albin, and Kate Vandenberg of PHINIA Inc. to prepare and execute documents required by Section 16 of the Securities Exchange Act of 1934, manage his EDGAR system account, and ensure timely filing with the SEC. | 06/17/2025 | Enhances efficiency and compliance for insider reporting requirements by delegating administrative tasks to company personnel. |
Stakeholder Impact
- Shareholders: Minor increase in insider ownership, potentially signaling management's continued confidence in the company.
- Matthew Logar (Reporting Person): Increased equity stake in the company.
Key Dates
| Date | Description |
|---|---|
| 06/16/2025 | Date of earliest transaction for the acquisition of 116 shares of common stock. |
| 06/17/2025 | Date Matthew Logar signed the Power of Attorney document. |
| 06/18/2025 | Date the Form 4 was signed by the attorney-in-fact and filed. |
Keywords
PHINIA Inc., PHIN, Matthew Logar, Insider Transaction, Form 4, Restricted Stock, Dividend Reinvestment, Beneficial Ownership, SEC Filing, Corporate Officer
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