PHINIA (PHIN) VP & CTO adds 41 restricted shares via dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PHINIA INC. VP and Chief Technology Officer Todd L. Anderson reported a routine share acquisition through a Form 4 filing. He received 41 shares of common stock as restricted stock, acquired via automatic reinvestment of dividends on existing restricted stock awards.
Following this grant, Anderson directly holds 31,048 common shares, including 8,587 shares of restricted stock. This reflects a compensation-related adjustment rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Anderson Todd L
Role
VP and Chief Tech. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 41 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 31,048 shares (Direct)
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 awards. Includes 8,587 shares of restricted stock.
FAQ
What did PHINIA (PHIN) executive Todd L. Anderson report in this Form 4?
Todd L. Anderson reported acquiring 41 shares of PHINIA common stock. These were restricted shares received through automatic dividend reinvestment on existing restricted stock awards, making this a routine, compensation-related adjustment rather than an open-market trade.
Was Todd L. Anderson’s PHINIA (PHIN) Form 4 transaction an open-market buy or sell?
No, the filing shows no open-market buy or sell. Instead, Anderson received 41 restricted shares through a grant or award mechanism tied to automatic dividend reinvestment on his existing restricted stock holdings with PHINIA.