The cluster of insider sales immediately after a Q1 earnings miss, including the CHRO, suggests management may lack confidence in near-term recovery. Monitor for further insider selling in the next 30 days and any guidance revision ahead of Q2. The cross-filing actuarial verdicts (AMPLIFIER for cluster-insider-trades + cluster-earnings-context) support treating this as a meaningful signal despite the small dollar amount.
Price Chart
Executive Summary
Three BorgWarner insiders sold a total of ~$2.16M in open-market sales over a 7-day window following a Q1 2026 earnings miss (adjusted EPS of $1.24 vs. $1.29 consensus, revenue of $3.533B vs. $3.59B estimate). The cluster includes the EVP & CHRO and two Vice Presidents, with sales concentrated on May 8 and May 11. While the dollar value is modest relative to BWA's $13B market cap (~0.017%), the timing immediately after a disappointing earnings report and the involvement of a C-suite executive (CHRO) elevates the signal.
Key Financial Metrics
Key Facts
- Three insiders sold a total of 30,606 shares for ~$2.16M in open-market sales from May 8-11, 2026
- Sales occurred 6 days after BWA reported Q1 2026 adjusted EPS of $1.24 (3.8% miss vs. $1.29 consensus) and revenue of $3.533B (below $3.59B estimate)
- EVP & CHRO Tania Wingfield sold 5,000 shares at $63.24 on May 11
- VP Stefan Demmerle sold 20,000 shares at $59.26 on May 8 and 5,000 shares at $62.00 on May 11
- VP Volker Weng sold 5,606 shares at $61.65 on May 11
- Total insider sales represent ~0.017% of BWA's $13B market cap
- Organic sales declined 4.2% YoY in Q1, with a 36% drop in Battery Energy Systems
Financial Impact
Total insider sales of ~$2.16M, representing 0.017% of market cap — modest in absolute terms but notable for timing and C-suite participation
Risk Factors
- Additional insider selling could signal worsening fundamentals
- Q1 revenue miss and organic decline of 4.2% YoY suggest ongoing headwinds from legacy auto exposure and BES wind-down
- Full-year 2026 guidance maintained but may prove optimistic given top-line weakness
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BWA-1778596612490 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 1, 2026 4w ago | Insider Cluster | $63.54 $60.11 | ▼ −5.40% | ▼ −5.72% | $60.52 (−4.75%) |
Aug 25, 2026 5w ago | Insider Cluster | $65.10 $60.55 | ▼ −6.99% | ▼ −7.96% | $60.52 (−7.04%) |
Aug 20, 2026 6w ago | Insider Cluster | $67.78 $63.32 | ▼ −6.58% | ▼ −6.30% | $60.52 (−10.71%) |
Aug 20, 2026 6w ago | Insider Cluster | $64.80 $63.32 | ▼ −2.28% | ▼ −2.28% | $60.52 (−6.60%) |
Aug 18, 2026 6w ago | Insider Cluster | $67.95 $62.94 | ▼ −7.38% | ▼ −6.39% | $60.52 (−10.93%) |
Aug 10, 2026 7w ago | 8-K | $69.28 $66.80 | ▼ −3.58% | ▼ −2.67% | $60.52 (−12.64%) |
Aug 5, 2026 8w ago | 8-K | $66.34 $65.18 | ▼ −1.75% | ▼ −1.15% | $60.52 (−8.78%) |
Aug 1, 2026 8w ago | Institutional Cluster | $63.31 $64.16 | ▲ +1.34% | ▲ +0.10% | $60.52 (−4.41%) |
Jul 31, 2026 9w ago | 8-K | $63.74 $64.09 | ▲ +0.55% | ▼ −2.44% | $60.52 (−5.05%) |
Jun 12, 2026 16w ago | Institutional Cluster | $74.51 $64.99 | ▼ −12.78% | ▼ −14.56% | $60.52 (−18.78%) |
US Market Status
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