PHINIA (PHIN) CFO adds restricted shares through automatic dividend reinvestment
Rhea-AI Filing Summary
PHINIA INC. Senior Vice President and CFO Chris P. Gropp reported routine equity compensation–related acquisitions of common stock. On June 23, 2026, he received 113 shares of common stock directly and 6 shares indirectly through his spouse, all at a stated price of $0.00 per share, reflecting restricted stock acquired via automatic dividend reinvestment on existing awards.
Following these transactions, Gropp directly holds 64,023 common shares, including 30,309 shares of restricted stock, and indirectly holds 3,973 common shares through his spouse, including 1,806 restricted shares for which he disclaims beneficial ownership. The filing shows no open‑market buying or selling and no option exercises.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 119 shares
Net Buy
2 txns
Insider
Gropp Chris P
Role
Senior Vice President and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 113 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 6 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 64,023 shares (Direct);
Common Stock — 3,973 shares (Indirect, By spouse)
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 30,309 shares of restricted stock.
- F3. Includes 1,806 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.
Key Figures
Direct shares acquired: 113 shares
Indirect shares acquired: 6 shares
Direct holdings after: 64,023 shares
+3 more
6 metrics
Direct shares acquired
113 shares
Common Stock grant/award on June 23, 2026
Indirect shares acquired
6 shares
Common Stock via spouse on June 23, 2026
Direct holdings after
64,023 shares
Common Stock held directly following transactions
Indirect holdings after
3,973 shares
Common Stock held indirectly through spouse after transactions
Restricted stock included (direct)
30,309 shares
Restricted stock included within direct holdings
Restricted stock included (indirect)
1,806 shares
Restricted stock within indirect spouse holdings; beneficial ownership disclaimed
Key Terms
restricted stock, automatic reinvestment of dividends, beneficial ownership, Section 16
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"
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"for purposes of Section 16 or for any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What insider transaction did PHINIA (PHIN) CFO Chris P. Gropp report?
PHINIA CFO Chris P. Gropp reported acquiring common stock through equity awards. He received 113 shares directly and 6 shares indirectly via his spouse as restricted stock from automatic dividend reinvestment on existing restricted stock awards.
What do the restricted stock footnotes mean in PHINIA (PHIN) CFO’s filing?
The filing notes that the additional shares come from automatic dividend reinvestment into restricted stock awards. It also specifies that 30,309 direct and 1,806 indirect shares are restricted, and the CFO disclaims beneficial ownership of the indirect restricted shares held through his spouse.
Does the PHINIA (PHIN) Form 4 show any derivative or option exercises?
The Form 4 does not show any derivative or option exercises. All reported transactions involve non-derivative common stock acquired as restricted shares through dividend reinvestment, with no exercises, gifts, tax withholding dispositions, or restructurings listed in the transaction summary.
AI-generated analysis. How Rhea-AI works. Not financial advice.
