Form 4: BorgWarner Executive Tonit M. Calaway Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Tonit M. Calaway, EVP, CAO, Gen Counsel & Sec of BorgWarner Inc., reports the withholding of shares to cover taxes upon vesting of restricted stock awards.
Summary
- On February 28, 2024, Tonit M. Calaway, an executive at BorgWarner Inc., had shares of common stock withheld to cover taxes due upon the vesting of restricted stock awards.
- A total of 4,108 shares were withheld at a price of $30.78, resulting in a new beneficial ownership of 79,240.04 shares.
- An additional 5,192 shares were withheld at the same price, further reducing the beneficial ownership to 74,048.04 shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to executive stock transactions and does not inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the stock ownership of company executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of transaction: shares withheld for taxes |
| 03/01/2024 | Date of signature on the report |
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