CALAWAY TONIT M 4
Research Summary
AI-generated summary
BorgWarner EVP Tonit Calaway Sells 16,000 Shares
What Happened
- Tonit M. Calaway, EVP, CAO, General Counsel & Secretary of BorgWarner (BWA), sold 16,000 shares in an open-market transaction on February 13, 2026.
- The reported weighted-average sale price was $65.08 per share, for total proceeds of approximately $1,041,350.
- This was a sale (not a purchase or option exercise); sales are often routine insider liquidity events and do not by themselves indicate company performance.
Key Details
- Transaction date: 2026-02-13; Form 4 filed 2026-02-17 (timely filing).
- Price: weighted average $65.08; actual trade prices ranged from $64.87 to $65.25 (footnote: reporting person can provide a breakdown on request).
- Shares sold: 16,000; proceeds ≈ $1,041,350.
- Shares owned after the transaction: not specified in the information provided.
- Not reported as part of a 10b5-1 plan or tax-withholding event in the provided excerpt.
Context
- Open-market sales by executives are commonly for personal liquidity, diversification, or tax planning; they are factual disclosures and should not be taken alone as a signal of company outlook.
- If you want the exact allocation of shares sold at each price within the stated range, the filer has offered to provide that breakdown to the issuer, any shareholder, or SEC staff upon request.