Form 4: BorgWarner CEO Frederic Lissalde Reports Stock Disposals for Tax Obligations

Frederic Lissalde, President and CEO of BorgWarner, reports the disposal of common stock to cover tax obligations related to vesting restricted stock awards.

Summary

• On February 28, 2024, Frederic Lissalde, the President and CEO of BorgWarner Inc., disposed of shares of common stock to cover tax obligations.
• The disposals were related to the vesting of restricted stock awards.
• Two transactions occurred on the same day, both marked with transaction code 'F', indicating the shares were withheld for tax purposes.
• The first transaction involved the disposal of 20,257 shares at a price of $30.78, resulting in a reduction of direct holdings to 434,970.37 shares.
• The second transaction involved the disposal of 21,013 shares at a price of $30.78, resulting in a reduction of direct holdings to 413,957.37 shares.
• Following these transactions, Lissalde directly owns 413,957.37 shares of BorgWarner common stock.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations, so it doesn't necessarily indicate positive or negative sentiment about the company's future. It's a neutral event.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies. They are often related to compensation packages, stock options, and tax obligations. Monitoring these transactions can provide insights into management's perspective on the company's performance and future prospects.

Stakeholder Impact

• The stock disposal has a minimal impact on shareholders as it is related to tax obligations and does not represent a change in the company's fundamentals.

Key Dates