PHINIA Executive Shows Confidence as CFO's Stock Holdings Grow via DRIP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PHINIA CFO Chris P. Gropp reported changes in beneficial ownership through dividend reinvestment transactions on June 16, 2025. The transactions involved:
- Direct acquisition of 317 shares of common stock at $0 through dividend reinvestment on restricted stock, bringing total direct beneficial ownership to 67,645 shares (including 50,554 restricted shares)
- Indirect acquisition of 19 shares held by spouse at $0 through dividend reinvestment, bringing total indirect ownership to 3,890 shares (including 2,913 restricted shares)
The transactions were automatic reinvestments of dividends on existing restricted stock holdings, as required by the terms of the awards. The filing includes a disclaimer of beneficial ownership for securities held by spouse. The Form 4 was signed by Kate Vandenberg as attorney-in-fact for Gropp on June 18, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Gropp Chris P
Role
Vice President and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 317 | $0.00 | -- |
| Grant/Award | Common Stock | 19 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 67,645 shares (Direct);
Common Stock — 3,890 shares (Indirect, By spouse)
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 50,554 shares of restricted stock, including reinvested dividends. Includes 2,913 shares of restricted stock, including reinvested dividends. 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.
FAQ
What is Chris Gropp's position at PHIN and where is the company headquartered?
Chris Gropp serves as Vice President and CFO of PHINIA INC., which is headquartered at 3000 University Drive, Auburn Hills, MI 48326.