Director at BorgWarner (NYSE: BWA) awarded stock and reinvested dividends
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BorgWarner Inc. director Sara A. Greenstein reported two stock acquisitions on Common Stock. On April 29, 2026, she received restricted shares as a stock award that will vest 100% on the first anniversary of the grant date, and she also acquired additional shares through dividend reinvestments linked to previously granted restricted stock. These are compensation- and reinvestment-related transactions, not open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Greenstein Sara A.
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 — 21,970 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: 83 shares
Additional shares acquired: 3,228 shares
2 metrics
Restricted stock award
83 shares
Common Stock granted on April 29, 2026
Additional shares acquired
3,228 shares
Common Stock via dividend reinvestments and record reconciliation
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"
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"
FAQ
What insider transaction did BORGWARNER INC (BWA) director Sara Greenstein report?
Sara A. Greenstein reported acquiring Common Stock through a restricted stock award and dividend reinvestments. The transactions occurred on April 29, 2026, and reflect compensation and reinvestment activity rather than open-market buying or selling of BorgWarner shares.
Are Sara Greenstein’s BorgWarner Form 4 transactions open-market trades?
No, the Form 4 shows no open-market purchases or sales. The transactions are coded as awards and acquisitions tied to restricted stock and dividend reinvestments, indicating compensation-related activity instead of discretionary market trading in BorgWarner shares.
When will Sara Greenstein’s new BorgWarner restricted stock vest?
The restricted stock award granted to Sara Greenstein on April 29, 2026 will vest 100% on the first anniversary of the grant date. This means all those awarded shares become fully vested one year after the original grant date, subject to applicable conditions.
What does dividend reinvestment mean in Sara Greenstein’s BorgWarner filing?
Dividend reinvestment means cash dividends on existing shares were automatically used to buy additional BorgWarner shares. The filing notes these reinvestments are exempt from Section 16 under Rule 16a-11 and were settled when related restricted stock awards vested.