Aaron Craig 4/A
Research Summary
AI-generated summary
BorgWarner CFO Aaron Craig Receives 26,884-Share Award
What Happened
- Aaron Craig, Executive Vice President & Chief Financial Officer of BorgWarner Inc. (BWA), was reported to have acquired 26,884 shares in an award/grant transaction dated February 4, 2025. The shares are reported at $0.00 (a standard stock award/grant), indicating an issued award rather than an open-market purchase or sale. This Form 4 is an amendment correcting an overstatement of the amount originally reported on the Form 4 filed 02/06/2025.
Key Details
- Transaction date: 2025-02-04 (reported via amended Form 4 filed 2026-02-05)
- Transaction type/code: A — Award/Grant (acquired at $0.00)
- Shares granted: 26,884
- Vesting: 50% vests on February 28, 2027; 100% vests on February 28, 2028 (footnote)
- Shares owned after transaction: Not disclosed in this filing
- Amendment note: This filing corrects an overstatement of the amount disclosed in the original Form 4 (filed 02/06/2025)
- Timeliness: This is an amended (late-corrected) filing; the amendment was filed about a year after the reported transaction date
Context
- An "award/grant" reported at $0 typically reflects company-issued restricted stock or RSUs for compensation, not a market purchase or sale. Such grants are common executive compensation and vest over time; they do not by themselves indicate buying or selling intent. The amendment corrects previously reported quantities, so retail investors should rely on this corrected amount (26,884 shares) for any insider-activity tracking.