PHINIA (PHIN) director gains additional restricted shares via dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PHINIA INC. director Samuel R. Chapin reported an acquisition of 8 shares of common stock through a grant-type transaction. These shares reflect restricted stock received via automatic reinvestment of dividends on existing restricted stock, as required by the award terms.
After this small, compensation-related acquisition, Chapin directly holds a total of 26,071 PHINIA shares, including 2,148 shares of restricted stock. This is an administrative adjustment tied to dividends rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chapin Samuel R.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 26,071 shares (Direct, null)
Footnotes (1)
- 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 award. Includes 2,148 shares of restricted stock.
Key Figures
Shares acquired: 8 shares
Total shares after transaction: 26,071 shares
Restricted stock included: 2,148 shares
+1 more
4 metrics
Shares acquired
8 shares
Restricted stock via dividend reinvestment on 2026-06-23
Total shares after transaction
26,071 shares
Director Samuel R. Chapin direct ownership after grant
Restricted stock included
2,148 shares
Restricted shares within Chapin’s total holdings
Transaction code
Code A
Grant, award, or other acquisition of common stock
Key Terms
restricted stock, automatic reinvestment of dividends, dividend record date, Form 4
4 terms
restricted stock financial
"Reflects shares of restricted stock acquired following the automatic reinvestment of dividends"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
automatic reinvestment of dividends financial
"acquired following the automatic reinvestment of dividends on outstanding restricted stock"
dividend record date financial
"on outstanding restricted stock held on the dividend record date"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did PHINIA (PHIN) report for Samuel R. Chapin?
PHINIA reported that director Samuel R. Chapin acquired 8 shares of common stock. These were restricted shares received through automatic dividend reinvestment on existing restricted stock, treated as a grant rather than an open-market purchase or sale.
Was the PHINIA (PHIN) insider transaction a market buy or sell?
The transaction was not a market buy or sell. It was coded as a grant or award, reflecting restricted shares acquired automatically when dividends on existing restricted stock were reinvested under the terms of Chapin’s award.
What does automatic reinvestment of dividends mean for PHINIA (PHIN) restricted stock?
Automatic reinvestment of dividends means cash dividends on restricted shares are converted into additional restricted stock. For Chapin, dividends on existing restricted shares were reinvested into 8 more restricted shares, as required by his award agreement.