[144] BorgWarner Inc. SEC Filing
BorgWarner filed a Form 144 reporting a proposed sale of 2,500 common shares to be executed through Charles Schwab on 08/12/2025 with an aggregate market value of $100,025, to be listed on the NYSE. The 2,500 shares equal approximately 0.001155% of the issuer's 216,392,876 shares outstanding, indicating the sale is immaterial to the company’s overall capitalization. The shares were acquired as equity compensation: 1,380 from a restricted stock lapse on 02/28/2020 and 1,120 from a performance stock lapse on 02/05/2025, which together match the 2,500 shares proposed for sale. The filing also discloses two prior dispositions in the past three months totaling 10,000 shares for aggregate proceeds of $354,800. The signer represents no known undisclosed material adverse information.
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Insights
Insider intends to sell 2,500 BWA shares; size is negligible relative to outstanding shares, so limited market impact.
The filing shows a proposed sale of 2,500 shares valued at $100,025 via Charles Schwab on 08/12/2025 against about 216.4 million shares outstanding, representing roughly 0.001155% of the float. The shares originated from equity compensation (restricted stock and performance stock lapses) and thus reflect routine insider liquidity rather than a transaction funded by market purchases. Recent reported dispositions total 10,000 shares in the last three months for $354,800 in proceeds. Given the small share counts relative to outstanding shares, the economic and market impact appears immaterial.
Form 144 disclosure aligns with Rule 144 requirements; filer attests no undisclosed material adverse information.
The document documents the source of the shares as equity compensation and lists prior sales in the three-month lookback period, fulfilling standard disclosure expectations under Rule 144. The filing includes the statutory representation that the signer does not possess any undisclosed material adverse information. The filing does not provide a declared trading plan adoption date within the content provided, so no affirmative indication of a Rule 10b5-1 plan is present in this text.