BorgWarner (BWA) VP gets 30,214-share award as Form 4/A corrects prior count
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
BorgWarner Inc. vice president Stefan Demmerle reported an equity award of 30,214 shares of common stock on February 4, 2025, at a price of $0.0000 per share. After this grant, he beneficially owned 238,771.69 shares on a direct basis.
According to the vesting terms, 50% of the shares will vest on February 28, 2027 and 100% on February 28, 2028, tying the award to multi-year service and performance. This Form 4/A is an amendment that corrects an overstatement of the number of shares previously reported as acquired in this exempt transaction on a filing dated February 6, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Demmerle Stefan
Role
Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 30,214 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 238,771.69 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did BorgWarner (BWA) report for its vice president?
BorgWarner vice president Stefan Demmerle reported receiving 30,214 shares of common stock. The transaction occurred on February 4, 2025 at a reported price of $0.0000 per share as an exempt equity award, increasing his directly held beneficial ownership.
Why did BorgWarner file this Form 4/A amendment for its officer?
The Form 4/A was filed to correct an overstatement of the shares acquired. The company notes that the amendment adjusts the amount previously reported for the exempt equity transaction originally disclosed in a filing dated February 6, 2025.