Garrett Motion (GTX) SVP has 7,396 shares withheld for RSU tax liability
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Garrett Motion Inc. senior vice president of Integrated Supply Chain Thierry Mabru reported a tax-related share disposition. On the transaction date, 7,396 shares of common stock were withheld by the company at an indicated price of $25.61 per share to cover tax liabilities from a partial vesting of restricted stock units granted on May 26, 2021.
After this withholding, Mabru directly owned 217,956 shares of Garrett Motion common stock. This Form 4 reflects a tax-withholding mechanism tied to equity compensation rather than an open-market purchase or sale decision.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mabru Thierry
Role
SVP, Integrated Supply Chain
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 7,396 | $25.61 | $189K |
Holdings After Transaction:
Common Stock — 217,956 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 7,396 shares
Implied share price: $25.61 per share
Shares owned after transaction: 217,956 shares
+1 more
4 metrics
Shares withheld for taxes
7,396 shares
Tax-withholding disposition on common stock
Implied share price
$25.61 per share
Price applied to withheld common shares
Shares owned after transaction
217,956 shares
Direct holdings following tax withholding
RSU grant date
May 26, 2021
Restricted stock units partially vesting and causing tax liability
Key Terms
restricted stock units, tax liability, withheld, tax-withholding disposition
4 terms
restricted stock units financial
"partial vesting of restricted stock units granted on May 26, 2021"
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.
tax liability financial
"for payment of the tax liability incurred upon the partial vesting"
withheld financial
"Represents shares withheld by Garrett Motion Inc. for payment of the tax liability"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did Garrett Motion (GTX) report for Thierry Mabru?
Garrett Motion reported that SVP Integrated Supply Chain Thierry Mabru had 7,396 common shares withheld. The shares were withheld by the company to cover tax liability arising from the partial vesting of restricted stock units granted on May 26, 2021.