Garrett Motion VP gets 8,566 RSU grant, 545 withheld
Garrett Motion Inc. executive Joanne Lau, VP, CAO and Controller, reported routine equity compensation activity involving company common stock.
Rhea-AI Filing Summary
Garrett Motion Inc. executive Joanne Lau, VP, CAO and Controller, reported routine equity compensation activity involving company common stock. On March 5, she had 545 shares of common stock withheld by Garrett Motion Inc. to cover taxes owed from the partial vesting of previously granted restricted stock units from March 5, 2024 and March 5, 2025. On the same date, she received a new grant of 8,566 restricted stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan at no cash cost. These restricted stock units vest in three equal annual installments on the first, second and third anniversaries of the grant date, subject to her continued service. After these transactions, she directly held 142,971 shares of Garrett Motion common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 545 | $18.87 | $10K |
| Grant/Award | Common Stock | 8,566 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. 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
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