Garrett Motion (GTX) director granted 4,505 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Camuti Paul A reported acquisition or exercise transactions in this Form 4 filing.
Garrett Motion Inc. director Paul A. Camuti received an award of 4,505 restricted stock units that will settle in common stock. The grant was made at no cash cost to him under the Garrett Motion Inc. 2021 Long-term Incentive Plan.
The restricted stock units vest in full on the earlier of the one-year anniversary of the grant date or the next annual meeting of stockholders, subject to his continued service and certain separation conditions. Following this award, he directly holds 45,895 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Camuti Paul A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,505 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 45,895 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock units granted: 4,505 units
Transaction price per share: $0.0000
Shares held after transaction: 45,895 shares
+1 more
4 metrics
Restricted stock units granted
4,505 units
Equity award on 2026-05-28
Transaction price per share
$0.0000
Equity compensation, no cash paid
Shares held after transaction
45,895 shares
Direct holdings following award
Vesting trigger
Earlier of one year or next annual meeting
Full vesting condition for RSUs
Key Terms
restricted stock units, 2021 Long-term Incentive Plan, vest in full, annual meeting of the Issuer's stockholders
4 terms
restricted stock units financial
"Represents a grant of restricted stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2021 Long-term Incentive Plan financial
"Represents a grant of restricted stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan."
vest in full financial
"The restricted stock units vest in full on the earlier of the one-year anniversary of the grant date or the next annual meeting"
annual meeting of the Issuer's stockholders financial
"on the earlier of the one-year anniversary of the grant date or the next annual meeting of the Issuer's stockholders"
FAQ
What insider transaction did Garrett Motion (GTX) report for Paul A. Camuti?
Garrett Motion reported that director Paul A. Camuti received 4,505 restricted stock units that will settle in common stock. The award was granted under the company’s 2021 Long-term Incentive Plan at no cash cost to him and increases his direct holdings.
What are the vesting terms of Paul A. Camuti’s new Garrett Motion restricted stock units?
The 4,505 restricted stock units vest in full on the earlier of the one-year anniversary of the grant date or the next annual meeting of stockholders. Vesting is subject to Camuti’s continued service and specific conditions related to certain separations from service described in the award terms.
Under which plan were the Garrett Motion (GTX) restricted stock units granted to Paul A. Camuti?
The restricted stock units were granted under the Garrett Motion Inc. 2021 Long-term Incentive Plan. This plan provides equity-based awards, such as restricted stock units, to directors and other eligible participants as part of their overall compensation package and incentive structure.