Form 4: BorgWarner Inc. Executive Craig Aaron Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Craig Aaron, VP & Controller of BorgWarner Inc., reports the disposal of shares to cover taxes due upon the vesting of restricted stock awards.
Summary
- On February 28, 2024, Craig Aaron, VP & Controller of BorgWarner Inc., reported changes in beneficial ownership.
- The transactions involved the disposal of common stock to cover taxes due upon the vesting of certain restricted stock awards.
- 715 shares were disposed of at a price of $30.78 per share.
- An additional 795 shares were disposed of at a price of $30.78 per share.
- Following these transactions, Aaron directly owns 39,742.21 shares of BorgWarner Inc. common stock.
- Aaron also owns 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: 5
Explanation: The document is a standard SEC filing related to stock transactions, with neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
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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