Logar Matthew 4
Research Summary
AI-generated summary
PHINIA (PHIN) SVP/CIO Matthew Logar Receives Restricted Shares
What Happened
Matthew Logar, SVP and Chief Investment Officer of PHINIA Inc. (PHIN), was reported to have acquired 57 shares of restricted stock on 2026-03-20. The shares were granted/acquired at $0.00 (total value $0), reflecting an award/acquisition rather than an open-market purchase.
Key Details
- Transaction date and type: 2026-03-20 — Grant/Award/Acquisition (code A). Price: $0.00 per share; 57 shares acquired.
- Filing: Form 4 filed 2026-03-24 (filed within the SEC’s two-business-day reporting window).
- Holdings note: Footnote F2 states holdings include 11,991 shares of restricted stock (as reported).
- Footnote F1: The 57 shares reflect restricted stock acquired through automatic reinvestment of dividends on outstanding restricted awards.
Context
This was a dividend reinvestment into restricted stock (an automatic award under the terms of the awards), not an open-market purchase or option exercise. Such reinvestments are routine and reflect dividend policy/award terms rather than an explicit market-timing signal by the insider.