Form 4: BorgWarner CEO Frederic Lissalde Sells 154,000 Shares

BorgWarner's President and CEO, Frederic Lissalde, sold 154,000 shares of common stock at an average price of $34.6088 per share.

Summary

• Frederic Lissalde, President and CEO of BorgWarner Inc., sold 154,000 shares of the company's common stock.
• The sale occurred on November 11, 2024.
• The shares were sold at a weighted average price of $34.6088 per share.
• The price range for the sale was between $34.4200 and $34.8300 per share.
• Following the transaction, Lissalde directly owns 259,957.37 shares of BorgWarner stock.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock sale by an executive, which is a routine event. There is no indication of positive or negative sentiment.

Industry Context

This is a routine disclosure of an insider transaction, which is common for executives of publicly traded companies. It does not indicate any specific trend in the automotive industry or BorgWarner's performance.

Comparison to Industry Standards

• Executive stock sales are a common occurrence in publicly traded companies, and this transaction is within the normal range of such activities.
• Similar transactions are regularly reported by executives at companies like Magna International, Aptiv, and Lear Corporation, which are also major automotive suppliers.
• The sale does not appear to be unusual in terms of volume or price compared to other insider transactions in the sector.

Stakeholder Impact

• The stock sale may have a minor impact on the share price, but it is unlikely to be significant given the volume of shares traded daily.
• The transaction does not directly impact employees, customers, or suppliers.

Key Dates

Keywords

BorgWarner, Frederic Lissalde, stock sale, insider trading, executive transaction, common stock