VP Demmerle sells 25,000 shares for $1.5M; mixed results on prior BWA exits, stock up sharply near term but recovered after previous sales.
Vice President Stefan Demmerle disposed of 25,000 shares of BWA across two transactions in early May, generating about $1.5 million in proceeds. The stock has climbed significantly over the past month, but this sale follows a pattern where Demmerle's prior five exits at this company showed conflicting signals: his two most recent sales in November saw the stock pull back initially but then recover with modest gains over the longer term, while earlier summer sales were also followed by gains. Over the 90-day horizon, all five of his prior BWA sales saw the stock rise afterward—suggesting his exits have been systematically poorly timed on a longer timeframe despite near-term dips. This is his 14th and 15th open-market sale in the past three years, establishing him as a consistent net seller with no open-market purchases on record. BorgWarner remains profitable with positive revenue growth, though trading at a stretched valuation multiple, and the stock is currently about 5% below its 52-week high after a robust recent rally. The sale itself does not contradict the company's recent financial performance, but it does extend a years-long pattern of equity reduction that has not proven well-timed in retrospect.