Garrett Motion (GTX) CEO has 40,907 shares withheld for RSU tax payment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Garrett Motion Inc. President & CEO Olivier Rabiller reported a tax-related share disposition linked to equity compensation. On April 30, 2026, 40,907 shares of common stock were withheld by the company at $25.61 per share to cover tax liability from a partial vesting of restricted stock units originally granted on May 26, 2021. After this withholding, Rabiller directly holds 918,835 shares of Garrett Motion common stock, indicating this was a routine payroll-tax event rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rabiller Olivier
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 40,907 | $25.61 | $1.05M |
Holdings After Transaction:
Common Stock — 918,835 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 40,907 shares
Withholding price per share: $25.61 per share
Shares held after transaction: 918,835 shares
+1 more
4 metrics
Shares withheld for taxes
40,907 shares
Common stock withheld on April 30, 2026 for tax liability
Withholding price per share
$25.61 per share
Value used for tax-withholding disposition of common stock
Shares held after transaction
918,835 shares
Direct common stock ownership following the tax-withholding event
Tax-withholding shares
40,907 shares
Reported as tax-withholding disposition under code F in Form 4
Key Terms
restricted stock units, tax liability, tax-withholding disposition, Form 4
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"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Garrett Motion (GTX) report for Olivier Rabiller?
Garrett Motion reported that President & CEO Olivier Rabiller had 40,907 common shares withheld to cover taxes on vested restricted stock units. This was a non-market, tax-withholding disposition, not an open-market sale of shares.