BorgWarner (NYSE: BWA) CEO receives stock award, withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BorgWarner Inc. President and CEO Joseph F. Fadool, who is also a director, reported equity-related transactions in the company’s common stock dated February 4, 2026.
He was granted 59,408 shares of common stock at $0.0000 per share, representing performance shares and dividend shares earned for the 2023–2025 performance period based on specified performance criteria. On the same date, 25,984 shares were withheld at $48.57 per share to cover taxes due upon the vesting of these performance share awards and associated dividend shares. After these transactions and an adjustment to reconcile prior exempt transactions, Fadool directly owned 447,782 shares of BorgWarner common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Fadool Joseph F.
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 59,408 | $0.00 | -- |
| Tax Withholding | Common Stock | 25,984 | $48.57 | $1.26M |
Holdings After Transaction:
Common Stock — 473,766 shares (Direct)
Footnotes (1)
- Represents performance shares and dividend shares earned pursuant to a performance share award based upon the achievement of specified performance criteria for the 2023-2025 performance period. Reflects an adjustment to the number of shares beneficially owned after a reconciliation of the Issuer's records regarding the reporting person's exempt transactions. Represents shares withheld to cover taxes due upon (1) the vesting of performance share awards and (2) payment of dividend shares earned upon the vesting of performance share awards, for the 2023-2025 performance period.
FAQ
What insider transactions did BorgWarner (BWA) CEO Joseph F. Fadool report on February 4, 2026?
He reported receiving 59,408 BorgWarner common shares at $0.0000 per share and a tax withholding of 25,984 shares at $48.57. These transactions were tied to performance share awards and dividend shares for the 2023–2025 performance period.
Were the BorgWarner (BWA) CEO’s February 2026 transactions open-market buys or sells?
No open-market trades were reported. The Form 4 shows a stock award of 59,408 performance and dividend shares at $0.0000 and a withholding of 25,984 shares at $48.57 solely to satisfy tax obligations tied to those awards.
What performance period is associated with the BorgWarner (BWA) CEO’s reported stock award?
The stock award and related dividend shares are tied to the 2023–2025 performance period. Shares were earned under a performance share award based on achieving specified performance criteria for that multi-year timeframe.