BorgWarner director plans sale of 5,000 shares
Rhea-AI Filing Summary
BORGWARNER INC (BWA) received a Rule 144 notice for a proposed sale of common stock held for the account of director Michael S. Hanley. The filing indicates that up to 5,000 shares of common stock may be sold through Raymond James & Associates, with an aggregate market value of $327,507.30, and a proposed sale date of August 31, 2026 on the NYSE. The shares to be sold were originally acquired as Board Compensation on multiple dates between 2018 and 2019 from the issuer.
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Key Figures
Shares of common stock proposed to be sold: 5,000 shares
Aggregate market value of shares: $327,507.30
Proposed sale date: 08/31/2026
+2 more
5 metrics
Shares of common stock proposed to be sold
5,000 shares
Number of BorgWarner Inc. common shares listed in the Form 144 securities information section
Aggregate market value of shares
$327,507.30
Market value associated with 5,000 shares of BorgWarner Inc. common stock in the Form 144
Proposed sale date
08/31/2026
Date associated with the proposed sale of the 5,000 common shares on the NYSE
Board compensation acquisition date
04/25/2019
One of several dates on which common shares were acquired as Board Compensation from the issuer
Board compensation acquisition date
04/26/2018
Another date on which common shares were acquired as Board Compensation from the issuer
Key Terms
Rule 144, Board Compensation, attorney-in-fact
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Board Compensation financial
"Common | 04/25/2019 | Board Compensation | Issuer"
attorney-in-fact regulatory
"as attorney-in-fact for Michael Hanley"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
FAQ
Who is the selling security holder in BorgWarner (BWA)'s Form 144?
The shares are being sold for the account of Michael S. Hanley, identified as a Director of BorgWarner Inc. The Form 144 is signed by a representative of Raymond James & Associates as attorney-in-fact for Michael Hanley.
AI-generated analysis. How Rhea-AI works. Not financial advice.