BorgWarner (BWA) EVP Tonit M. Calaway Sells 22,000 Shares

What Happened

• Tonit M. Calaway, EVP, Chief Administrative Officer, General Counsel & Secretary of BorgWarner (BWA), sold 22,000 shares in an open-market sale on August 24, 2026. The Form 4 reports a weighted-average sale price of $66.26, producing total proceeds of approximately $1,457,667. This was a sale (not a purchase or option exercise).

Key Details

• Transaction date: 2026-08-24; Form 4 filed 2026-08-25 (timely filing).
• Price: weighted average $66.26; actual prices ranged from $65.86 to $66.65 (see footnote F1).
• Shares sold: 22,000; reported proceeds ≈ $1,457,667.
• Shares owned after transaction: not specified in the provided Form 4 summary.
• Footnote: F1 explains the reported price is a weighted average and that the filer can provide the number of shares sold at each price on request.
• No 10b5-1 plan, tax-withholding, or gift/option-exercise notation is indicated in the supplied details.

Context

• Sales by executives can be routine (diversification, liquidity, tax planning) and do not by themselves indicate a change in company fundamentals. Purchases typically carry more weight as signals of insider conviction; this filing documents a routine insider sale.