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Garrett Motion (GTX) CFO gets RSU grant as shares withheld for tax

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Garrett Motion Inc. reported that SVP & Chief Financial Officer Sean Deason had routine equity-compensation transactions in common stock. On March 5, 2026, 19,268 shares were disposed of at $18.87 per share to cover taxes due on partially vesting restricted stock units previously granted on March 5, 2024 and March 5, 2025. The same day, Deason acquired 33,336 restricted stock units for no cash cost under the Garrett Motion Inc. 2021 Long-term Incentive Plan, which will vest in three equal annual installments if he continues in service. Following these transactions, he held 386,860 shares directly.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Deason Sean

(Last) (First) (Middle)
C/O GARRETT MOTION INC.
LA PIECE 16

(Street)
ROLLE V8 1180

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Garrett Motion Inc. [ GTX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP & Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/05/2026 F(1) 19,268 D $18.87 353,524 D
Common Stock 03/05/2026 A(2) 33,336 A $0 386,860 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
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.
2. 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.
/s/ Sean Deason, by Patrick Foley as Attorney-in-Fact 03/09/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did GTX CFO Sean Deason report on this Form 4?

Sean Deason reported a routine tax-related share disposition and a new equity award. Shares were withheld to cover taxes on vesting restricted stock units, and he received a fresh restricted stock unit grant under Garrett Motion’s 2021 long-term incentive plan.

How many Garrett Motion (GTX) shares were withheld for Sean Deason’s taxes?

Garrett Motion withheld 19,268 common shares from Sean Deason at $18.87 per share. These shares covered the tax liability arising from the partial vesting of restricted stock units granted on March 5, 2024 and March 5, 2025.

What equity award did Garrett Motion (GTX) grant to CFO Sean Deason?

Sean Deason received a grant of 33,336 restricted stock units under Garrett Motion Inc.’s 2021 Long-term Incentive Plan. The award carries no cash exercise price and represents part of his stock-based compensation package from the company.

What are the vesting terms of Sean Deason’s new restricted stock units at GTX?

The 33,336 restricted stock units vest in three equal annual installments. Vesting occurs on the first, second and third anniversaries of the grant date, and depends on Sean Deason’s continued service with Garrett Motion Inc.

Was Sean Deason’s GTX share disposition an open-market stock sale?

No. The Form 4 shows a tax-withholding disposition, not an open-market sale. Garrett Motion retained 19,268 shares to satisfy income tax obligations triggered when previously granted restricted stock units partially vested.

How many Garrett Motion (GTX) shares does Sean Deason own after these transactions?

After the reported transactions, Sean Deason directly owned 386,860 shares of Garrett Motion common stock. This figure reflects both the tax-withholding share reduction and the additional restricted stock unit grant recorded on the same date.
Garrett Motion

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