Form 4: BorgWarner EVP Tania Wingfield Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Tania Wingfield, EVP & CHRO of BorgWarner, reported disposing of shares to cover tax obligations related to vesting restricted stock awards.
Summary
- On February 28, 2024, Tania Wingfield, EVP & CHRO of BorgWarner Inc., disposed of 1,236 shares of common stock at a price of $30.78 to cover taxes.
- Additionally, on the same day, she disposed of another 1,423 shares of common stock, also at $30.78, for tax obligations.
- Following these transactions, Wingfield beneficially owns 48,082.25 shares of BorgWarner common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to routine stock disposals for tax purposes.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders buy or sell their company's stock. These filings provide transparency into the transactions of company executives and directors.
Stakeholder Impact
- The stock disposal is unlikely to have a significant impact on shareholders as it is a routine transaction.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of stock disposal transactions. |
| 03/01/2024 | Date of signature by attorney-in-fact. |
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