BorgWarner VP Stefan Demmerle Receives 30,214-Share Award

What Happened

Stefan Demmerle, Vice President at BorgWarner Inc. (BWA), was granted an award of 30,214 shares on February 4, 2025. The filing reports the acquisition price as $0.00 (an award/grant), so no cash was paid for the shares in this transaction. This Form 4 is an amendment correcting an overstatement in the originally filed report.

Key Details

• Transaction date: 2025-02-04; Report filed as an amended Form 4 on 2026-02-05. The original Form 4 was filed 2025-02-06; this amendment corrects the previously overstated amount.
• Transaction type/code: A — Award/Grant; reported acquisition price $0.00; total reported value $0.
• Shares granted: 30,214 shares.
• Vesting (footnote): 50% vests on February 28, 2027; remaining 50% vests on February 28, 2028. (Footnote F1)
• Shares owned after transaction: Not disclosed in this filing.
• Filing note: This is an amended filing to correct the originally reported amount; amendment filed about one year after the original report.

Context

This was a compensation award rather than an open-market purchase or sale. Awards like this are commonly part of executive compensation and vest over time; they do not necessarily indicate immediate buying/selling intent. The $0.00 acquisition in the filing reflects that the shares were granted, not purchased for cash.