Garrett Motion (GTX) HR chief earns 79,195 performance-based shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Garrett Motion Inc. senior vice president and chief human resources officer Fabrice Spenninck reported an equity award tied to company performance. He acquired 79,195 shares of common stock on February 11, 2026 at a price of $0 per share, reflecting the earning of performance-based stock units granted in February 2023. After this award, he directly beneficially owns 230,659 common shares. The board, following its Talent Management & Compensation Committee’s recommendation, certified that the performance goals were achieved, and the PSUs are scheduled to vest on February 17, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Spenninck Fabrice
Role
SVP & Chief Human Res. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 79,195 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 230,659 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did GTX executive Fabrice Spenninck report?
Fabrice Spenninck reported acquiring 79,195 Garrett Motion common shares through an equity award. The shares were certified as earned from performance-based stock units granted in 2023, following board confirmation that the company met specified performance metrics and goals on February 11, 2026.
What triggered the vesting of GTX performance-based stock units for the executive?
The vesting was triggered when Garrett Motion’s board certified achievement of performance metrics and goals on February 11, 2026. These metrics related to performance-based stock units granted on February 17, 2023, and the PSUs are scheduled to vest in accordance with their terms on February 17, 2026.
When were the GTX performance-based stock units originally granted to the executive?
The performance-based stock units underlying the 79,195 earned shares were originally granted on February 17, 2023. They became earned after the board confirmed that performance targets were achieved, with formal vesting expected on February 17, 2026 under the award’s terms.
What role does the GTX Talent Management & Compensation Committee play in these awards?
The Talent Management & Compensation Committee reviews performance results and recommends certification to the board. For this award, the board acted on the committee’s recommendation to certify achievement of the applicable performance metrics, allowing the performance-based stock units to be earned and scheduled to vest.