Form 4: BorgWarner Vice President Volker Weng Reports Stock Disposals to Cover Taxes
SEC Filing
Volker Weng, a Vice President at BorgWarner, reported disposing of shares to cover tax obligations arising from the vesting of restricted stock awards.
Summary
- Volker Weng, a Vice President at BorgWarner Inc., filed a Form 4 with the SEC on March 4, 2025.
- The filing reports transactions that occurred on February 28, 2025.
- Weng disposed of 3,778 shares of common stock at a price of $29.61.
- Weng disposed of 4,258 shares of common stock at a price of $29.61.
- These disposals were to cover taxes due upon the vesting of certain restricted stock awards.
- Following these transactions, Weng beneficially owns 112,965.96 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 insider trading regulations, providing transparency into the transactions of company officers and directors. Disposals to cover tax obligations are common.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of stock disposal transactions. |
| 03/04/2025 | Date of Form 4 filing. |
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