Form 4: BorgWarner Vice President Stefan Demmerle Reports Changes in Beneficial Ownership
SEC Form 4 Filing
BorgWarner's Vice President, Stefan Demmerle, reports the disposal of shares to cover taxes due upon the vesting of restricted stock awards.
Summary
- On February 28, 2025, Stefan Demmerle, a Vice President at BorgWarner Inc., disposed of common stock to cover taxes due upon the vesting of restricted stock awards.
- Two transactions occurred on the same day, both involving the disposal of shares at a price of $29.61.
- The first transaction involved the disposal of 5,319 shares, resulting in a beneficial ownership of 272,722.69 shares.
- The second transaction involved the disposal of 5,758 shares, resulting in a beneficial ownership of 266,964.69 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock transactions, indicating a 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 |
|---|---|
| 02/28/2025 | Date of the stock disposal transactions. |
| 03/04/2025 | Date of signature by attorney-in-fact. |
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