Garrett Motion (GTX) SVP, General Counsel receives 23,198-share RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Garrett Motion Inc. reported that executive Mark D. Rollinger, SVP, General Counsel and Corporate Secretary, acquired 23,198 shares of common stock-equivalent restricted stock units on March 5, 2026 as a grant under the company’s 2021 Long-term Incentive Plan. After this award, his directly held stake increased to 40,908 shares.
The restricted stock units vest in three equal annual installments on the first, second and third anniversaries of the grant date, contingent on his continued service with Garrett Motion. The grant was made at a stated price of $0.00 per share, reflecting compensatory equity rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rollinger Mark D.
Role
SVP, GC & Corp. Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 23,198 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 40,908 shares (Direct)
Footnotes (1)
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FAQ
What did Garrett Motion (GTX) disclose about Mark D. Rollinger’s equity grant?
Garrett Motion disclosed that SVP and General Counsel Mark D. Rollinger received a grant of 23,198 restricted stock units on March 5, 2026. These units are part of the 2021 Long-term Incentive Plan and represent a compensatory equity award rather than a cash transaction.
What are the vesting terms of Mark D. Rollinger’s new Garrett Motion (GTX) restricted stock units?
The 23,198 restricted stock units granted to Mark D. Rollinger vest in three equal annual installments. Vesting occurs on the first, second and third anniversaries of the grant date and is expressly conditioned on his continued service with Garrett Motion throughout the vesting period.
Was cash paid for the Garrett Motion (GTX) equity reported in this Form 4?
No cash was paid for this equity award. The Form 4 shows a per-share transaction price of $0.00, indicating a compensatory grant of restricted stock units rather than an open-market purchase, consistent with awards made under a long-term incentive compensation plan.
What type of security did Mark D. Rollinger acquire from Garrett Motion (GTX)?
Mark D. Rollinger acquired restricted stock units linked to Garrett Motion common stock under the 2021 Long-term Incentive Plan. These units convert into shares as they vest over three years, assuming he remains in service with the company during the entire vesting schedule.