Fadool Joseph F. 4
Research Summary
AI-generated summary
BorgWarner CEO Joseph Fadool Sells 29,000 Shares
What Happened
Joseph F. Fadool, President and CEO and a director of BorgWarner Inc. (BWA), reported an open‑market sale of 29,000 shares on May 13, 2026. The filing shows a weighted average sale price of $67.31, for aggregate proceeds of approximately $1,951,854.
Key Details
- Transaction date: 2026-05-13 (reported on Form 4 filed 2026-05-14).
- Transaction type: Sale (open market).
- Shares sold: 29,000.
- Weighted average price: $67.31 per share; actual prices ranged from $66.9150 to $67.7300 (footnote F1).
- Proceeds: ~ $1,951,854.
- Shares owned after the transaction: Not disclosed in the information you provided in this summary (not included in the supplied Form 4 excerpt).
- Footnote: F1 indicates the reported price is a weighted average; the issuer or SEC staff can be provided with the breakdown of shares sold at each price on request.
- Timeliness: Filing appears timely (Form 4 filed the day after the transaction).
Context
This was a direct sale of existing shares (not an option exercise or award). Sales by executives can be routine (for diversification, tax, or liquidity reasons) and do not by themselves indicate company performance; no additional filing details here explain the reason for this sale.