Form 4: PHINIA VP and Chief Technology Officer Increases Stake Through Dividend Reinvestment
Insider Transaction Report
Todd L. Anderson, VP and Chief Technology Officer of PHINIA INC., acquired 105 shares of common stock through the automatic reinvestment of dividends on restricted stock.
Summary
- Todd L. Anderson, PHINIA INC.'s VP and Chief Technology Officer, acquired 105 shares of common stock on June 16, 2025.
- The acquisition was a non-cash transaction (price $0) resulting from the automatic reinvestment of dividends on outstanding restricted stock awards.
- Following this transaction, Mr. Anderson beneficially owns 32,414 shares of PHINIA common stock, which includes 16,670 shares of restricted stock and reinvested dividends.
- A Power of Attorney, executed on June 13, 2025, grants Robert Boyle, Kelly Albin, and Kate Vandenberg the authority to prepare and file Section 16 documents on behalf of Mr. Anderson.
Sentiment
Score: 6
Explanation: The sentiment is slightly positive as an insider is increasing their stake, albeit through a non-discretionary dividend reinvestment. It indicates continued alignment of management with shareholder interests.
Positives
- The acquisition of additional shares, even through automatic dividend reinvestment, indicates continued insider ownership and alignment with shareholder interests.
- The transaction reflects a routine, pre-planned mechanism for increasing equity holdings, suggesting stability in compensation and ownership structures.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding the company's future financial performance or strategic direction.
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's change in beneficial ownership and does not provide broader industry context or trends. It is specific to PHINIA INC. and its executive compensation practices.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Todd L. Anderson granted a Power of Attorney to Robert Boyle, Kelly Albin, and Kate Vandenberg of PHINIA Inc. to prepare, execute, and file Section 16 documents with the SEC on his behalf, and to manage his EDGAR account. | 06/13/2025 | This streamlines the process for Section 16 compliance for the reporting person, ensuring timely and accurate filings as required by the Securities Exchange Act of 1934. |
Stakeholder Impact
- Shareholders: The transaction shows an insider's continued equity ownership, which can be viewed positively as it aligns management's interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/13/2025 | Date Power of Attorney was executed by Todd L. Anderson. |
| 06/16/2025 | Date of transaction where Todd L. Anderson acquired 105 shares of common stock. |
| 06/18/2025 | Date the Form 4 was signed by Kate Vandenberg as attorney-in-fact for Todd L. Anderson. |
Keywords
PHINIA INC., PHIN, Form 4, Insider Transaction, Stock Acquisition, Dividend Reinvestment, Restricted Stock, Todd L. Anderson, Officer Ownership
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