BorgWarner (BWA) VP Volker Weng gets 27,027-share grant in amended Form 4
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
BorgWarner Inc. vice president Volker Weng reported an exempt stock award of 27,027 shares of common stock on February 4, 2025. These shares vest 50% on February 28, 2027 and 100% on February 28, 2028. After this award, Weng beneficially owns 99,734 shares directly. The filing is an amendment correcting an earlier overstatement of the number of shares acquired in the originally reported exempt transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Weng Volker
Role
Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 27,027 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 99,734 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did BorgWarner (BWA) report for Volker Weng?
BorgWarner vice president Volker Weng reported receiving an exempt award of 27,027 shares of common stock on February 4, 2025. The Form 4/A reflects this grant and updates his directly held beneficial ownership to 99,734 shares following the transaction.
Why is this BorgWarner (BWA) Form 4 filed as an amendment?
The Form 4 is an amendment because it corrects an earlier overstatement of the number of securities acquired in the originally reported exempt transaction. The amended filing clarifies that 27,027 shares were acquired on February 4, 2025.
What price is shown for Volker Weng’s BorgWarner (BWA) stock award?
The transaction lists a price of $0.0000 per share for the 27,027 shares, indicating an exempt equity award rather than an open-market purchase. Such entries typically reflect stock-based compensation granted without a cash purchase price.
What role does Volker Weng hold at BorgWarner (BWA) in this filing?
In the filing, Volker Weng is identified as an officer of BorgWarner with the title of vice president. As an executive officer, his equity transactions in BorgWarner common stock must be reported under Section 16 on Form 4.