BorgWarner VP logs share grant and tax withholding
BorgWarner Inc. vice president Stefan Demmerle reported routine share movements related to equity compensation.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 953 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 12,972 | $57.57 | $747K |
Footnotes (2)
- F1. 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.
- F2. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did BorgWarner (BWA) report for Stefan Demmerle?
Were the BorgWarner (BWA) insider transactions open-market trades?
What does the tax-withholding disposition in BorgWarner (BWA) Form 4 mean?
What type of equity award activity did BorgWarner (BWA) disclose for its vice president?
AI-generated analysis. How Rhea-AI works. Not financial advice.