PHINIA (PHIN) director adds restricted shares through automatic dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PHINIA INC. director Samuel R. Chapin reported an acquisition of 16 shares of common stock through an automatic dividend reinvestment on existing restricted stock awards. Following this grant-related acquisition, he holds a total of 23,923 common shares, including 3,367 shares of restricted stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chapin Samuel R.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 23,923 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 award. Includes 3,367 shares of restricted stock.
FAQ
What insider transaction did PHINIA (PHIN) director Samuel R. Chapin report?
Samuel R. Chapin reported acquiring 16 shares of PHINIA common stock. The shares were received as restricted stock through automatic dividend reinvestment on his outstanding restricted stock awards, reflecting routine, compensation-related activity rather than an open-market purchase or sale.
Was the PHINIA (PHIN) Form 4 transaction an open-market buy or sale?
No, the transaction was not an open-market trade. It was coded as an “A” transaction, representing a grant or award, specifically restricted stock acquired through automatic dividend reinvestment on outstanding restricted stock held on the dividend record date.
What does the dividend reinvestment footnote mean in the PHINIA (PHIN) Form 4?
The footnote explains the 16 shares were restricted stock acquired via automatic reinvestment of dividends on existing restricted stock. This indicates the increase in holdings came from plan mechanics tied to prior awards, not from Chapin independently buying shares in the market.