BorgWarner (BWA) EVP Wingfield records stock award and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BorgWarner EVP & CHRO Tania Wingfield reported routine equity-related transactions in company common stock. She acquired 414 shares at $0.0000 per share as dividend reinvestments tied to vested restricted stock awards, and had 5,478 shares withheld at $57.57 per share to cover tax obligations. Following these transactions, she directly owned 40,365 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Wingfield Tania
Role
EVP & CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 414 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,478 | $57.57 | $315K |
Holdings After Transaction:
Common Stock — 45,843 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 Tania Wingfield?
BorgWarner reported that EVP & CHRO Tania Wingfield acquired 414 common shares through dividend reinvestments and had 5,478 shares withheld to satisfy taxes on vested restricted stock awards. These are routine compensation-related equity adjustments, not open-market purchases or sales.
Were Tania Wingfield’s BorgWarner (BWA) transactions open-market trades?
No, the transactions were not open-market trades. The 414-share acquisition came from dividend reinvestments on vested restricted stock, and the 5,478-share disposition was due to shares withheld for taxes. Both actions are described as compensation- and tax-related adjustments in the filing.
What do the Form 4 footnotes for BorgWarner (BWA) explain about these transactions?
The footnotes state the 414 acquired shares were from dividend reinvestments linked to restricted stock vesting, and the 5,478 disposed shares were withheld to cover tax liabilities on those vestings and related dividend shares, clarifying their compensation and tax-withholding nature.