BorgWarner (NYSE: BWA) VP logs grant and tax-withholding stock moves
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BorgWarner Inc. vice president Stefan Demmerle reported routine share movements related to equity compensation. He acquired 953 shares of common stock at a price of $0.00 per share, representing dividend reinvestments and settlement upon the vesting of restricted stock awards.
On the same date, 12,972 shares of common stock were disposed of at $57.57 per share to cover taxes due on the vesting of restricted stock awards and associated dividend shares. After these transactions, Demmerle directly owned 236,246 shares of BorgWarner common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Demmerle Stefan
Role
Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 953 | $0.00 | -- |
| Tax Withholding | Common Stock | 12,972 | $57.57 | $747K |
Holdings After Transaction:
Common Stock — 249,218 shares (Direct)
Footnotes (1)
- 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. Represents shares withheld to cover taxes due upon (1) the vesting of restricted stock awards and (2) payment of dividend shares settled upon the vesting of restricted stock awards.
FAQ
What insider transactions did BorgWarner (BWA) report for Stefan Demmerle?
BorgWarner vice president Stefan Demmerle reported acquiring 953 common shares via dividend reinvestment and restricted stock vesting, and disposing of 12,972 shares to cover tax obligations. These movements are tied to equity compensation rather than open-market buying or selling.
Were the BorgWarner (BWA) insider transactions open-market trades?
The transactions were not open-market trades. The 953 shares were acquired through dividend reinvestment and settlement of restricted stock vesting, while 12,972 shares were withheld by the company to satisfy tax liabilities associated with those vesting events.
What does the tax-withholding disposition in BorgWarner (BWA) Form 4 mean?
The tax-withholding disposition reflects 12,972 shares surrendered at $57.57 per share to pay taxes due on restricted stock vesting and related dividend shares. This is a common administrative mechanism and differs from an executive choosing to sell shares on the open market.
What type of equity award activity did BorgWarner (BWA) disclose for its vice president?
BorgWarner disclosed equity award activity involving restricted stock. Demmerle received 953 shares from dividend reinvestment and vesting of restricted awards, and simultaneously had 12,972 shares withheld to cover associated tax liabilities, leaving him with 236,246 directly owned common shares.