other material
confidence high
sentiment neutral
materiality 0.35
BorgWarner discloses equity plan share availability; 2023 Stock Incentive Plan to be voted on at annual meeting
BORGWARNER INC
- As of Feb 28, 2023, 2,199,465 shares remain available for new awards under existing plans.
- If stockholders approve the 2023 Stock Incentive Plan, no further awards will be granted under existing plans.
- Outstanding full value awards fell from ~3.4M shares (Dec 31, 2022) to ~2.5M shares (Feb 28, 2023) due to vesting and no new grants.
- No options outstanding as of both dates; no awards will be issued from Feb 28, 2023 through annual meeting.