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.