Centerbridge entities report large GTX dispositions, retain sizable indirect stakes
Rhea-AI Filing Summary
Centerbridge-affiliated reporting persons disclosed sales of Garrett Motion common stock on 08/06/2025. Two dispositions were reported: 3,599,459 shares and 1,500,541 shares, each reported at a price of $12.17. After those transactions the filings show continued substantial indirect holdings of 17,641,340 shares and 7,405,469 shares respectively. The report lists multiple Centerbridge entities and Jeffrey H. Aronson as related reporting persons, with footnotes clarifying that those entities disclaim beneficial ownership except to the extent of any proportionate pecuniary interest.
Positive
- None.
Negative
- None.
Insights
TL;DR: Large insider sales occurred but sizeable indirect stakes remain; monitor for market impact.
The Form 4 shows two sizable dispositions totaling 5,100,000 shares sold at $12.17 on 08/06/2025. Despite these sales, the reporting entities retain substantial indirect holdings of 17.64M and 7.41M shares, which remain material positions relative to typical insider stakes. For investors, the key data points are the sale volumes, sale price, and the continuing large indirect ownership that may temper interpretation of the sales as a full exit.
TL;DR: Multiple Centerbridge entities and an individual are listed; significant sales could invite governance scrutiny.
The filing is joint across several Centerbridge-related entities and names Jeffrey H. Aronson; footnotes explicitly disclaim direct beneficial ownership except for proportionate pecuniary interests. The reported disposals—3,599,459 and 1,500,541 shares—are large in absolute terms and may prompt questions about timing and coordination among related reporting persons. The filing does provide the required public disclosure of those transactions and ownership details.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,599,459 | $12.17 | $43.81M |
| Sale | Common Stock | 1,500,541 | $12.17 | $18.26M |
Footnotes (1)
- CSCP III Cayman GP Ltd. ("CSCP III Cayman GP") is the general partner of Centerbridge Special Credit Partners General Partner III, L.P., which is the general partner of Centerbridge Special Credit Partners III-Flex, L.P. ('SC III-Flex"), and may be deemed to share beneficial ownership over the shares of Common Stock held of record by SC III-Flex. As the director of CSCP III Cayman GP, Jeffrey H. Aronson may be deemed to share beneficial ownership with respect to the shares held of record by SC III-Flex. Such persons and entities expressly disclaim beneficial ownership of the shares held of record by SC III-Flex, except to the extent of any proportionate pecuniary interest therein. Centerbridge Credit GP Investors, L.L.C. ("Credit GP Investors") is the sole director of Centerbridge Credit Cayman GP, Ltd., which is the general partner of Centerbridge Credit Partners Offshore General Partner, L.P., which is the general partner of Centerbridge Credit Partners Master, L.P. ("Credit Partners Master"), and may be deemed to share beneficial ownership over the shares of Common Stock held of record by Credit Partners Master. As the managing member of Credit GP Investors, Jeffrey H. Aronson may be deemed to share beneficial ownership with respect to the shares held of record by Credit Partners Master. Such persons and entities expressly disclaim beneficial ownership of the shares held of record by Credit Partners Master, except to the extent of any proportionate pecuniary interest therein.
