Garrett Motion (NYSE: GTX) SVP receives stock grant, shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Garrett Motion Inc. reported that senior vice president Nils Eike-Christian Martens had 4,898 shares of common stock withheld on March 5, 2026 to cover taxes from the partial vesting of prior restricted stock unit awards.
On the same date, he acquired a new grant of 15,417 restricted stock units under the company’s 2021 Long-term Incentive Plan. These units vest in three equal annual installments on the first, second, and third anniversaries of the grant date, contingent on his continued service, bringing his direct holdings to 49,778 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Martens Nils Eike-Christian
Role
SVP, Strat, Bus Dev, Adv Tech
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,898 | $18.87 | $92K |
| Grant/Award | Common Stock | 15,417 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 34,361 shares (Direct)
Footnotes (1)
- Represents shares withheld by Garrett Motion Inc. for payment of the tax liability incurred upon the partial vesting of restricted stock units granted on March 5, 2024 and March 5, 2025. Represents a grant of restricted stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan. The restricted stock units vest in three equal annual installments on the first, second and third anniversary of the grant date, subject to the reporting person's continued service.
FAQ
What insider transactions did GTX executive Nils Martens report on this Form 4?
Nils Martens reported a tax-withholding disposition of 4,898 Garrett Motion shares and an award of 15,417 restricted stock units. Both transactions occurred on March 5, 2026 and relate to his equity compensation as a senior vice president at the company.
Was the Garrett Motion (GTX) Form 4 a stock sale by the executive?
The Form 4 shows a tax-withholding disposition, not an open-market sale. Garrett Motion withheld 4,898 shares to cover taxes from vesting restricted stock units, a common administrative step when equity awards partially vest for senior employees.
What stock award did GTX grant to Nils Martens on March 5, 2026?
Garrett Motion granted Nils Martens 15,417 restricted stock units under its 2021 Long-term Incentive Plan. These units represent a share-based compensation award intended to align his interests with shareholders through multi-year vesting tied to continued service at the company.
How do the new restricted stock units for GTX’s Nils Martens vest?
The 15,417 restricted stock units vest in three equal annual installments. Vesting occurs on the first, second, and third anniversaries of the March 5, 2026 grant date, and each tranche requires Nils Martens to remain in service with Garrett Motion.