Anderson Todd L 4
Research Summary
AI-generated summary
PHINIA (PHIN) VP/CTO Todd Anderson Receives 33 Restricted Shares
What Happened
- Todd L. Anderson, Vice President and Chief Technology Officer of PHINIA Inc. (PHIN), was granted 33 shares of restricted stock on 2026-06-23. The Form 4 reports the acquisition price as $0.00 (awarded shares), reflecting automatic dividend reinvestment into restricted stock rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-23; filing date: 2026-06-25 (filed within the typical Form 4 reporting window).
- Transaction type: Award/Grant (A) — 33 shares acquired at $0.00 per share.
- Shares owned after transaction: Total beneficial ownership not explicitly stated in the transaction lines; filing footnote F2 notes "Includes 8,620 shares of restricted stock."
- Notable footnotes:
- F1: These shares were acquired through automatic reinvestment of dividends on outstanding restricted stock held on the dividend record date.
- F2: Indicates the reporting includes 8,620 restricted shares (presumably part of Anderson’s holdings).
- No indication of a sale, tax withholding, 10b5-1 plan, or late filing was reported.
Context
- This was an award via dividend reinvestment into restricted stock — a routine administrative issuance tied to existing restricted shares. Such grants are generally not a directional trading signal like open-market purchases or sales, but they increase the insider’s restricted equity stake.