PHINIA CFO receives dividend stock awards
Sentiment and the balance of points
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Rhea-AI Filing Summary
PHINIA INC. Senior Vice President and CFO Chris P. Gropp acquired additional common stock through automatic dividend reinvestment on existing restricted stock awards. He received 143 shares of restricted stock at no cash cost, bringing his direct holdings to 63,910 shares, which include 30,196 shares of restricted stock.
A related account held by his spouse acquired 9 shares, increasing that indirect position to 3,967 shares, including 1,800 shares of restricted stock. Gropp disclaims beneficial ownership of the spouse’s shares, and these transactions reflect routine, compensation-related equity accrual rather than open-market trading.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 143 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 9 | $0.00 | $0.00 |
Footnotes (3)
- F1. 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.
- F2. Includes 30,196 shares of restricted stock.
- F3. Includes 1,800 shares of restricted stock. The reporting person disclaims beneficial ownership of these securities, and the filing of this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did PHIN (PHINIA INC.) report for Chris P. Gropp?
Was the PHIN insider transaction an open-market buy or a stock grant?
What does automatic dividend reinvestment mean for PHIN restricted stock awards?
AI-generated analysis. How Rhea-AI works. Not financial advice.