PHINIA (PHIN) SVP and CIO Matthew Logar adds 57 restricted shares via dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PHINIA INC. senior vice president and CIO Matthew Logar received 57 shares of common stock as a grant tied to restricted stock dividend reinvestment. These shares were automatically acquired when dividends on his outstanding restricted stock were reinvested under the award terms, bringing his direct holdings to 19,501 shares, including 11,991 restricted shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Logar Matthew
Role
SVP and CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 57 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 19,501 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 11,991 shares of restricted stock.
FAQ
What insider transaction did PHINIA (PHIN) executive Matthew Logar report?
Matthew Logar reported acquiring 57 shares of PHINIA common stock. The shares reflect restricted stock received through automatic dividend reinvestment on existing restricted stock awards, rather than an open-market purchase, and increase his direct holdings to 19,501 shares.
Does the PHINIA (PHIN) Form 4 indicate an open-market buy or sell by Matthew Logar?
The Form 4 does not show an open-market buy or sell. It reports a grant-type acquisition of 57 restricted shares via automatic dividend reinvestment on existing restricted stock, a routine compensation-related event rather than a discretionary market trade.
What does the dividend reinvestment footnote mean in the PHINIA (PHIN) Form 4?
The footnote explains that dividends on Matthew Logar’s outstanding restricted stock were automatically reinvested into additional restricted shares. This mechanism produced the 57-share grant, in line with the award terms, and modestly increased his restricted stock position.