Form 4: PHINIA Officer John Lipinski Reports Acquisition of Restricted Stock via Dividend Reinvestment
Insider Transaction Report
PHINIA Inc. VP and GM Fuel Systems Europe, John Lipinski, reported the acquisition of 100 shares of common stock through dividend reinvestment on restricted stock, increasing his beneficial ownership to 24,053 shares.
Summary
- John Lipinski, VP and GM Fuel Systems Europe at PHINIA Inc. (PHIN), acquired 100 shares of common stock.
- The acquisition occurred on June 16, 2025, and was a result of the automatic reinvestment of dividends on his outstanding restricted stock.
- The shares were acquired at a price of $0, indicating they are part of a restricted stock award and dividend reinvestment plan.
- Following this transaction, Mr. Lipinski beneficially owns 24,053 shares of PHINIA common stock, which includes 16,143 shares of restricted stock (including reinvested dividends).
- A Power of Attorney, executed on June 13, 2025, grants Robert Boyle, Kelly Albin, and Kate Vandenberg the authority to file Section 16 documents on behalf of John Lipinski.
Sentiment
Score: 6
Explanation: The filing is neutral to slightly positive, as it indicates an insider's continued ownership and participation in the company's equity, albeit through a non-discretionary dividend reinvestment.
Positives
- The acquisition of shares, even through dividend reinvestment, indicates continued insider ownership and alignment with shareholder interests.
Future Outlook
NA
Industry Context
This Form 4 filing is a routine disclosure of an insider's stock transaction and does not provide broader industry context or trends. It reflects standard executive compensation practices involving restricted stock and dividend reinvestment.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | John Lipinski granted a Power of Attorney to Robert Boyle, Kelly Albin, and Kate Vandenberg to prepare and execute Section 16 filings, comply with Exchange Act requirements, and manage his EDGAR account. | 06/13/2025 | This streamlines the process for executive compliance with SEC reporting requirements, ensuring timely and accurate filings related to insider stock transactions. |
Stakeholder Impact
- Shareholders: The filing indicates an executive's continued equity stake, aligning management interests with shareholder value, though the transaction itself is routine and non-discretionary.
Key Dates
| Date | Description |
|---|---|
| 06/13/2025 | Date of execution of Power of Attorney by John Lipinski. |
| 06/16/2025 | Date of transaction for the acquisition of 100 shares of common stock. |
| 06/18/2025 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
PHINIA Inc., PHIN, SEC Form 4, Insider Trading, Restricted Stock, Dividend Reinvestment, Executive Compensation, John Lipinski, Corporate Governance, Stock Ownership
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