Form 4: BorgWarner CEO Joseph F. Fadool Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Joseph F. Fadool, President and CEO of BorgWarner Inc., reports changes in beneficial ownership due to shares withheld for tax obligations upon vesting of restricted stock awards.
Summary
- On February 28, 2025, Joseph F. Fadool, President and CEO of BorgWarner Inc., had shares withheld to cover taxes due upon the vesting of certain restricted stock awards.
- 5,695 shares of common stock were withheld at a price of $29.61, resulting in a decrease in direct ownership.
- An additional 6,147 shares of common stock were withheld at a price of $29.61, further decreasing direct ownership.
- Following these transactions, Fadool directly owns 352,178.28 shares of BorgWarner common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This is a routine filing related to executive compensation and stock ownership, common for publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of transaction involving the withholding of shares for tax obligations. |
| 03/04/2025 | Date of signature for the Form 4 filing. |
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