BorgWarner Director Michael Hanley Sells Shares Worth $327,550
Michael S. Hanley, a director at BorgWarner (NYSE:BWA), sold 5,000 shares of the company's common stock on August 28, 2026, for a total value of $327,550. The transaction was reported via an SEC Form 4 filing and executed at a weighted average price of $65.51 per share—slightly above the closing market price that day ($64.09). Following this sale, Hanley retained ownership of 34,313 shares directly held in his portfolio. The director's stake was reduced by approximately 13% as a result of the transaction; however, he still holds over $2.2 million worth of stock based on post-transaction valuation. Over the past year ending August 28, BorgWarner’s stock returned nearly 49%, outperforming both its own historical performance and broader market indices like the S&P 500. BorgWarner is a major supplier in automotive propulsion technologies with a strong presence across internal combustion engines as well as electric vehicle platforms. The company reported $12.6 billion in market capitalization, $14.3 billion TTM revenue, and $415 million net income for the trailing twelve months.
Topics: director activity SEC filing stock sale