BWA CFO Aaron Craig sells 21,000 shares at $37.66; retains 49,801 shares post-transaction
Aaron Craig, EVP & CFO, sold 21,000 shares of BorgWarner for $790,939.80, reducing his holdings by 29.7% to 49,801 shares. The sale occurred at $37.66, slightly below the current price of $38.05 and near the 52-week high of $38.28, on a backdrop of strong recent momentum (22.2% gain over 90 days and 9.2% over 30 days). The company's financial posture shows stable net income of $224,000,000 against $3.6B in quarterly revenue, though annual revenue declined by 0.8% year-over-year, and the stock trades at a notably elevated P/E of 39.23. The reduction of nearly 30% of holdings is material and warrants examination of whether a 10b5-1 plan governs this transaction or whether discretionary timing factors apply.