Demmerle Stefan 4

What Happened

• Stefan Demmerle, Vice President at BorgWarner (BWA), sold a total of 25,000 shares in two open-market transactions, disposing of 20,000 shares on May 8, 2026 and 5,000 shares on May 11, 2026. The May 8 trade reported a weighted-average price of $59.26 (actual prices ranged $59.01–$60.00) for proceeds of $1,185,150; the May 11 trade was at $62.00 for proceeds of $310,000. Total proceeds across both trades were about $1,495,150 (~$1.50M). These were sales (not purchases), which are generally routine insider dispositions rather than a bullish purchase signal.

Key Details

• Transaction dates and prices:
  • 2026-05-08: Sold 20,000 shares at a reported weighted average $59.26 (actual prices ranged $59.01–$60.00) — proceeds $1,185,150.
  • 2026-05-11: Sold 5,000 shares at $62.00 — proceeds $310,000.
• Total shares sold: 25,000; total proceeds: ~$1.495M.
• Shares owned after the transactions: not specified in the information provided in this summary (check the full Form 4 for post-transaction holdings).
• Footnote: The May 8 price is a weighted-average; the filer can provide a breakdown of shares sold at each price within the $59.01–$60.00 range upon request (per footnote F1).
• Timeliness: The Form 4 was filed May 12, 2026. Based on the transaction dates, the filing appears to be within the typical two-business-day reporting window for officer sales.

Context

• Sales by executives can reflect personal financial planning or routine diversification and do not, by themselves, indicate the insider’s view of the company’s prospects. These transactions were open-market sales (code S), not option exercises, grants, or gifts. For full context on the insider’s remaining stake and any related trading plans (e.g., a 10b5-1 plan), review the complete Form 4 filing.