MICHAS ALEXIS P 4

What Happened

• Alexis P. Michas, a director of BorgWarner (BWA), was granted a total of 3,311 shares of restricted stock on April 29, 2026. The filing reports two award entries: 3,228 shares and 83 shares, each reported at $0.00 (typical for restricted stock grants; the filing reports $0 value at grant).

Key Details

• Transaction date: April 29, 2026; Filing date: May 1, 2026 (no late filing indicated).
• Shares granted: 3,228 + 83 = 3,311 restricted shares; reported acquisition price $0.00.
• Shares owned after the transaction: filing shows an adjustment to beneficial ownership (footnote F2); the filing’s reconciled total is not provided here.
• Footnotes of note:
  • F1: The 3,228-share award is restricted stock that vests 100% on the first anniversary of the grant.
  • F2: The filing reflects an adjustment to the number of shares beneficially owned after reconciling the issuer’s records.
  • F3: 83 shares reflect dividend reinvestments exempt under Rule 16a-11 and will settle upon vesting of restricted awards.

Context

• This was an equity award (A = Award/Grant), not an open-market purchase or sale. Restricted stock grants are common executive/director compensation and vesting schedules mean the shares aren’t freely tradable until vesting. Dividend-reinvestment shares noted are treated as exempt current transactions and will be delivered when the associated restricted awards vest.