Form 4: BorgWarner CEO Frederic Lissalde Reports Share Acquisition and Departure
SEC Form 4 Filing
Frederic Lissalde, President and CEO of BorgWarner, reports acquiring shares and ceasing his role as Director, President, and CEO.
Summary
- On February 5, 2025, Frederic Lissalde acquired 149,610 shares of BorgWarner common stock at a price of $31.33 per share.
- Following this transaction, Lissalde directly owns 487,387.37 shares of BorgWarner common stock.
- Each performance share represents a contingent right to receive one share of BorgWarner common stock based upon the achievement of specified performance criteria related to relative revenue growth.
- Effective at the close of business on February 6, 2025, Lissalde ceased to be Director, President, and CEO of BorgWarner.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a share acquisition and an executive departure. It is neutral in tone and does not inherently indicate positive or negative sentiment.
Industry Context
Executive departures and changes in share ownership are common occurrences in publicly traded companies. These events are closely monitored by investors as they can signal shifts in company strategy or performance.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director, President and CEO | Frederic B. Lissalde | Unknown | 02/06/2025 | Departure |
Stakeholder Impact
- Shareholders may react to the news of the CEO's departure and the change in share ownership.
- Employees may experience uncertainty due to the change in leadership.
Key Dates
| Date | Description |
|---|---|
| 02/05/2025 | Frederic Lissalde acquired 149,610 shares of BorgWarner common stock. |
| 02/06/2025 | Frederic Lissalde ceased to be Director, President, and CEO of BorgWarner. |
| 02/07/2025 | Date of signature by attorney-in-fact for Frederic B. Lissalde. |
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