Form 4: BorgWarner Vice President Joseph F. Fadool Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Joseph F. Fadool, a Vice President at BorgWarner, reported the withholding of shares to cover taxes due upon the vesting of restricted stock awards.
Summary
- On February 28, 2024, Joseph F. Fadool, a Vice President at BorgWarner Inc., reported changes in his beneficial ownership of the company's common stock.
- Shares were withheld to cover taxes due upon the vesting of certain restricted stock awards.
- 5,695 shares were withheld at a price of $30.78.
- 6,268 shares were withheld at a price of $30.78.
- Following the transaction, Fadool directly owns 238,727.28 shares of BorgWarner common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of transaction: shares withheld for taxes. |
| 03/01/2024 | Date of signature by attorney-in-fact. |
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