Form 4: BorgWarner Vice President Volker Weng Sells $665,000 in Company Stock
SEC Form 4 Filing
Volker Weng, a Vice President at BorgWarner, recently sold 19,692 shares of common stock at an average price of $33.7365 per share.
Summary
- On August 23, 2024, Volker Weng, a Vice President at BorgWarner Inc., sold 19,692 shares of the company's common stock.
- The sale was executed at a weighted average price of $33.7365 per share, with individual prices ranging from $33.7100 to $33.7700.
- Following the transaction, Weng still beneficially owns 92,271.96 shares of BorgWarner common stock directly.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The sale of shares by a company officer could be perceived negatively by some shareholders, but it is a common occurrence and doesn't necessarily indicate a lack of confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 08/23/2024 | Date of the stock sale transaction. |
| 08/26/2024 | Date of signature on the Form 4 filing. |
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