Aaron Craig 4
4 · BORGWARNER INC · Filed Feb 8, 2024
Insider Transaction Report
Form 4
Aaron Craig
EVP & CFO
Transactions
- Award
Common Stock
2024-02-06+19,930→ 34,503.21 total - Award
Common Stock
2024-02-07$33.83/sh+6,749$228,319→ 41,252.21 total
Holdings
- 192.192
Phantom Stock
→ Common Stock (192.192 underlying)
Footnotes (4)
- [F1]The shares will vest 50% on February 28, 2026 and 100% on February 28, 2027.
- [F2]Each performance share represented a contingent right to receive one share of BorgWarner common stock based upon the achievement of specified performance criteria related to relative revenue growth.
- [F3]Each phantom stock unit is the economic equivalent of one sare of BorgWarner Inc. common stock.
- [F4]The phantom stock units were acquired under the BorgWarner Inc. Excess Benefit Plan and are to be settled 100% in cash upon the reporting person's retirement or separataion from service.