Vanthournout Henk 4
Research Summary
AI-generated summary
BorgWarner VP Henk Vanthournout Receives Award; 3,765 Shares Withheld
What Happened Henk Vanthournout, Vice President of BorgWarner Inc. (BWA), was granted 7,840 performance shares (code A) on 2026-02-04. To cover tax withholding on the vested awards, 3,765 shares were withheld/disposed (code F) at $48.57 per share, a withholding value of $182,866. The grant reflects performance shares and dividend shares earned for the 2023–2025 performance period.
Key Details
- Transaction date: 2026-02-04; Form 4 filed 2026-02-06 (no late filing indicated).
- Grant (A): 7,840 shares acquired at $0.00 (performance share award).
- Tax withholding (F): 3,765 shares disposed/withheld at $48.57 each = $182,866.
- Footnotes:
- F1: Award = performance shares and dividend shares for 2023–2025.
- F3: Shares withheld to cover taxes due upon vesting of those awards.
- F2: Beneficial ownership was adjusted after an issuer records reconciliation.
- Shares beneficially owned after the transaction: filing notes an adjustment per issuer records (see footnote F2); the excerpt does not provide a numeric total.
Context This was an award vesting with shares withheld to satisfy tax obligations — a routine, non‑market sale (tax withholding often appears as a disposition on Form 4). Code A = award/acquisition; code F = tax withholding/payment. Such withholding transactions are administrative and do not necessarily indicate insider sentiment about the company's stock.