Form 4: BorgWarner EVP & CFO Craig Aaron Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Craig Aaron, EVP & CFO of BorgWarner, reports changes in beneficial ownership due to tax withholding upon vesting of restricted stock awards.
Summary
- On February 28, 2025, Craig Aaron, the EVP & CFO of BorgWarner Inc., reported changes in his beneficial ownership of BorgWarner common stock.
- The changes resulted from the withholding of shares to cover taxes due upon the vesting of certain restricted stock awards.
- 715 shares were disposed of at a price of $29.61, resulting in a remaining balance of 71,205.21 shares.
- An additional 750 shares were disposed of at a price of $29.61, resulting in a remaining balance of 70,455.21 shares.
- Aaron also holds 192.192 phantom stock units acquired under the BorgWarner Inc. Excess Benefit Plan, which will be settled in cash upon retirement or separation from service.
Sentiment
Score: 7
Explanation: The document reflects routine transactions related to executive compensation and tax obligations, indicating standard corporate practices. There is no information to suggest a positive or negative outlook, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard tax-related transactions following the vesting of stock awards, which is a common practice among publicly traded companies.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they relate to tax obligations of an executive and do not represent a significant change in the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of transaction (disposal of shares for tax withholding). |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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