Form 4: BorgWarner Vice President Isabelle McKenzie Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Isabelle McKenzie, a Vice President at BorgWarner, reported the disposal of common stock to cover tax obligations related to vesting restricted stock awards.
Summary
- Isabelle McKenzie, a Vice President at BorgWarner Inc., filed a Form 4 on March 1, 2024, reporting changes in beneficial ownership of the company's stock.
- The report indicates that on February 28, 2024, McKenzie disposed of 1,180 shares and 1,351 shares of common stock at a price of $30.78 per share.
- These disposals were to cover taxes due upon the vesting of certain restricted stock awards.
- Following these transactions, McKenzie beneficially owns 43,339.55 shares of BorgWarner common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company officers and directors. This filing indicates a standard practice of covering tax obligations related to stock awards.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of stock disposal transactions. |
| 03/01/2024 | Date of Form 4 filing. |
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