Chapin Samuel R. 4
Research Summary
AI-generated summary
PHINIA Director Samuel R. Chapin Receives 8 Restricted Shares
What Happened
- Samuel R. Chapin, a director of PHINIA Inc. (PHIN), was issued 8 shares of restricted stock on 2026-06-23. The shares were recorded at $0.00 per share, so no cash was paid and the transaction value is $0.
- This was an award/acquisition (A) resulting from the automatic reinvestment of dividends on existing restricted stock (see footnote F1), a routine corporate action rather than an outright purchase or sale.
Key Details
- Transaction date: 2026-06-23; Filing date: 2026-06-25.
- Price: $0.00 per share; Total value recorded: $0.
- Shares acquired: 8 restricted shares.
- Shares owned after transaction: filing notes holdings that include 2,148 restricted shares (see footnote F2).
- Footnotes: F1 explains the shares came from automatic dividend reinvestment into restricted stock; F2 notes the filing’s referenced restricted-stock total (2,148 shares).
- No indication in this filing of late reporting.
Context
- This is a routine award from dividend reinvestment on existing restricted shares — common and not a direct market purchase or sale.
- Such small automatic reinvestments are typically administrative and don’t, by themselves, signal a change in insider sentiment.