4/A: BorgWarner CEO Frederic Lissalde Reports Acquisition of Restricted Shares

BorgWarner's President and CEO, Frederic Lissalde, reports acquiring 77,820 shares of common stock on February 4, 2025, as part of a qualifying retirement plan.

Summary

• Frederic Lissalde, President and CEO of BorgWarner Inc., filed a Form 4/A with the SEC on February 6, 2025.
• The report details a transaction on February 4, 2025, where Lissalde acquired 77,820 shares of BorgWarner common stock.
• These shares were acquired at a price of $0.00 and are restricted shares eligible for vesting upon a qualifying retirement.
• Following this transaction, Lissalde directly owns 337,777.37 shares of BorgWarner common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by the CEO can be seen as a sign of confidence, but it's a routine transaction related to executive compensation.

Positives

• The acquisition of shares by the CEO could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This type of filing is standard for corporate insiders and provides transparency regarding their holdings in the company. It's common for executives to receive stock as part of their compensation packages.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it reflects the CEO's alignment with the company's success.

Key Dates

Keywords

BorgWarner, Frederic Lissalde, Form 4, SEC, Beneficial Ownership, Restricted Shares, Retirement Plan, Common Stock