PHINIA (PHIN) VP Lipinski adds 41 restricted shares via dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PHINIA INC. executive John Lipinski, VP and GM Fuel Systems Europe, reported an automatic acquisition of 41 shares of common stock. These were shares of restricted stock received through automatic reinvestment of dividends on existing restricted awards, rather than an open-market purchase.
Following this grant, Lipinski directly holds 22,362 shares of PHINIA common stock, which include 8,737 shares of restricted stock. This filing reflects routine compensation-related share accrual tied to dividend reinvestment on previously granted restricted stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lipinski John
Role
VP and GM Fuel Syst. Europe
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 41 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 22,362 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 8,737 shares of restricted stock.
FAQ
What insider transaction did PHINIA (PHIN) report for John Lipinski?
PHINIA reported that executive John Lipinski acquired 41 shares of common stock. These were restricted shares received via automatic dividend reinvestment on existing restricted stock awards, reflecting a compensation-related adjustment rather than an open-market stock purchase.
Was the PHINIA (PHIN) Form 4 transaction an open-market purchase or a grant?
The transaction was a grant-type acquisition, not an open-market purchase. Lipinski received 41 restricted shares at a stated price of $0.00 per share through automatic dividend reinvestment on previously awarded restricted stock, consistent with the terms of those compensation awards.
What do the footnotes in PHINIA (PHIN) John Lipinski’s Form 4 explain?
The footnotes explain that the 41 shares reflect restricted stock acquired through automatic reinvestment of dividends on outstanding restricted stock. They also clarify that Lipinski’s total holdings now include 8,737 shares of restricted stock within his overall 22,362 common shares.
Does the PHINIA (PHIN) Form 4 for John Lipinski indicate any derivative securities?
The Form 4 data show only a non-derivative common stock transaction for 41 shares. The derivative summary is empty, indicating no options, warrants, or other derivative securities were reported in this particular filing alongside the restricted stock dividend reinvestment.