Thai-Tang Hau N 4

What Happened
Hau N Thai‑Tang, a director of BorgWarner Inc. (BWA), received two restricted stock awards on April 29, 2026: 3,228 shares and 83 shares. Both grants were recorded at $0.00 per share (reported value $0) and are awards (code A) rather than open‑market purchases or sales.

Key Details

• Transaction date: April 29, 2026; Filing date: May 1, 2026. No late filing is indicated in the provided record.
• Price: $0.00 per share (award/grant).
• Shares acquired: 3,228 and 83 shares (total 3,311 shares granted).
• Shares owned after transaction: Not specified in the provided excerpt; footnote F2 notes an adjustment to the number of shares beneficially owned after a reconciliation of the issuer’s records.
• Notable footnotes:
  • F1: The restricted stock award vests 100% on the first anniversary of the grant date (April 29, 2027).
  • F2: Reflects an adjustment to beneficial ownership after reconciliation.
  • F3: References dividend reinvestment shares that are exempt under Rule 16a‑11 and are settled upon vesting of restricted awards.

Context
This was a compensation award (restricted shares) rather than a market purchase or sale. Restricted shares are typically subject to vesting and may be forfeited if vesting conditions aren’t met, so they don’t represent immediately tradable shares. Dividend reinvestments referenced by F3 are treated as exempt under Rule 16a‑11 and will be settled when the restricted awards vest.