CEO Lissalde Frederic sold 154,000 BWA shares ($5.3M) at $34.61; -37.2% of holdings post-sale with fundamentals weakening (revenue -10.1% YoY).
Frederic divested 154,000 shares, reducing his position from 413,957 to 259,957 shares. The sale occurred at $34.61, near recent trading levels within the 52-week range of $30.16–$37.72, with the stock currently at $34.81. At the fundamental level, BorgWarner faces headwinds: annual revenue contracted 10.1% year-over-year despite a $3.4B quarterly revenue base, and net income stands at $234.0M. Frederic's prior sell in this same ticker (February 2024) delivered +20.9% gains within 90 days—meaning the stock rose after his sale, indicating poorly-timed execution from a timing perspective. His cross-ticker history shows 0 of 1 prior sells achieved well-timed outcomes (well-timed rate 0.00%), with the average 90-day return after sells at +20.9%, again suggesting a pattern of selling before gains rather than before declines. The current divestiture of more than one-third of his remaining stake during a period of deteriorating revenue growth warrants examination of whether operational or strategic concerns are driving the decision.