BorgWarner (BWA) director Michas receives 3,228-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BORGWARNER INC director Alexis P. Michas reported equity-based compensation, not an open-market trade. On April 29, 2026, he acquired 3,228 shares of common stock through a restricted stock award that will vest 100% on the first anniversary of the grant date. He also acquired an additional 83 shares tied to exempt adjustments and dividend reinvestments described in the footnotes. After these awards, he directly holds over 82,000 shares of BorgWarner common stock, indicating the transactions are routine compensation and reinvestment events rather than a change in market positioning.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
MICHAS ALEXIS P
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 — 82,319 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
Additional acquired shares: 83 shares
Post-transaction holdings: Over 82,000 shares
+1 more
4 metrics
Restricted stock award
3,228 shares
Common Stock granted on April 29, 2026
Additional acquired shares
83 shares
Common Stock linked to exempt adjustments and reinvestments
Post-transaction holdings
Over 82,000 shares
Approximate direct BorgWarner common stock held after reported awards
Vesting schedule
100% after 1 year
Restricted stock vests on first anniversary of April 29, 2026 grant
Key Terms
restricted stock award, dividend reinvestments, Section 16, Rule 16a-11, +1 more
5 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"
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"
beneficially owned financial
"Reflects an adjustment to the number of shares beneficially owned after a reconciliation of the Issuer's records"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
What did BorgWarner (BWA) director Alexis P. Michas acquire in this Form 4?
Alexis P. Michas acquired company stock as compensation, not via open-market buying. He received 3,228 shares through a restricted stock award and 83 additional shares tied to exempt adjustments and dividend reinvestments, increasing his direct BorgWarner common stock holdings to over 82,000 shares.
How does the restricted stock award to Alexis P. Michas at BorgWarner (BWA) vest?
The restricted stock award vests in a single installment, not gradually. All 3,228 restricted shares granted on April 29, 2026 will vest 100% on the first anniversary of the grant date, aligning the director’s compensation with longer-term company performance and retention.