Form 4: BorgWarner Executive Tonit M. Calaway Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Tonit M. Calaway, EVP, CAO, Gen Counsel & Sec of BorgWarner Inc, reports disposals of common stock to cover tax obligations upon vesting of restricted stock awards.
Summary
- Tonit M. Calaway, an executive at BorgWarner Inc, filed a Form 4 with the SEC.
- The filing reports the disposal of BorgWarner common stock on February 28, 2025, to cover taxes due upon the vesting of restricted stock awards.
- Two transactions are reported: the disposal of 5,192 shares and 5,445 shares, both at a price of $29.61.
- Following these transactions, Calaway beneficially owns 248,673.04 shares of BorgWarner common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common when restricted stock vests.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of stock disposal transactions. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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