4Filed Aug 17, 8:00 PM ET
BorgWarner (BWA) EVP & General Counsel Tonit Calaway Sells Shares
$BWA · BORGWARNER INCResearch Summary
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BorgWarner (BWA) EVP & General Counsel Tonit Calaway Sells Shares
What Happened
- Tonit M. Calaway, EVP, CAO, General Counsel & Secretary of BorgWarner (BWA), sold a total of 44,000 shares in two open‑market transactions on August 17, 2026. She disposed of 17,376 shares at a weighted average price of $69.97 (proceeds $1,215,799) and 26,624 shares at a weighted average price of $69.44 (proceeds $1,848,771), for aggregate proceeds of approximately $3,064,570. These were sales (not purchases or option exercises).
Key Details
- Transaction dates: 2026-08-17 (both sales).
- Report filed: 2026-08-18 (timely; Form 4s are typically due within two business days).
- Reported weighted average prices: $69.97 (first sale) and $69.44 (second sale).
- Price ranges (per footnotes): first sale prices ranged $69.7550–$70.2950; second sale prices ranged $68.7550–$69.7500. The filing notes the Column 4 prices are weighted averages and detailed price breakdowns are available on request.
- Shares owned after the transactions: not specified in the provided filing excerpt.
- No 10b5‑1 plan, tax‑withholding, gift, or option‑exercise notation reported in the supplied details.
Context
- These were routine open‑market sales by an executive; sales do not necessarily indicate a change in view of the company’s prospects. Purchases by insiders are generally more informative about bullish sentiment, while sales can reflect diversification, tax planning, or other personal reasons.