Restricted stock and dividends lift BorgWarner (BWA) director stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BorgWarner director Sailaja Shankar reported stock-based awards rather than open-market trades. On April 29, 2026, she received a restricted stock award of 3,228 shares of BorgWarner common stock that will vest 100% on the first anniversary of the grant date.
She also acquired 83 additional shares through dividend reinvestments and related record adjustments. Following these compensation and reinvestment transactions, Shankar directly owns 17,897 shares of BorgWarner common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Shankar Sailaja
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,228 | $0.00 | -- |
| Grant/Award | Common Stock | 83 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 17,814 shares (Direct, null)
Footnotes (1)
- Represents a restricted stock award granted on April 29, 2026, that will vest 100% on the first anniversary of the grant date. 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 acquired pursuant to dividend reinvestments exempt from Section 16 pursuant to Rule 16a-11 and settled upon the vesting of restricted stock awards.
Key Figures
Restricted stock award: 3,228 shares
Dividend reinvestment shares: 83 shares
Shares owned after transactions: 17,897 shares
3 metrics
Restricted stock award
3,228 shares
Granted April 29, 2026; vests 100% on first anniversary
Dividend reinvestment shares
83 shares
Acquired via dividend reinvestments and exempt transactions
Shares owned after transactions
17,897 shares
Direct BorgWarner common stock holdings after April 29, 2026
Key Terms
restricted stock award, dividend reinvestments, Section 16, Rule 16a-11
4 terms
restricted stock award financial
"Represents a restricted stock award granted on April 29, 2026, that will vest 100% on the first anniversary"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
dividend reinvestments financial
"Represents shares acquired pursuant to dividend reinvestments exempt from Section 16 pursuant to Rule 16a-11"
Section 16 regulatory
"dividend reinvestments exempt from Section 16 pursuant to Rule 16a-11 and settled upon the vesting"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Rule 16a-11 regulatory
"dividend reinvestments exempt from Section 16 pursuant to Rule 16a-11 and settled upon the vesting"
FAQ
What did BorgWarner (BWA) director Sailaja Shankar report in this Form 4?
She reported receiving stock-based compensation and dividend-related shares. The filing shows a 3,228-share restricted stock award and 83 shares from dividend reinvestments, increasing her direct BorgWarner common stock holdings to 17,897 shares.
Were Sailaja Shankar’s BorgWarner (BWA) transactions open-market buys or sells?
No, the Form 4 reflects non-market transactions. It shows a restricted stock award and shares acquired via dividend reinvestments and record reconciliations, with no open-market purchases or sales reported in this filing.