Director at Garrett Motion (GTX) awarded 4,505 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NINIVAGGI DANIEL A reported acquisition or exercise transactions in this Form 4 filing.
Garrett Motion Inc. director Daniel A. Ninivaggi received a grant of 4,505 shares of Common Stock in the form of restricted stock units under the company’s 2021 Long-term Incentive Plan. These units vest in full on the earlier of the one-year anniversary of the grant date or the next annual stockholder meeting, subject to continued service and certain separation conditions. Following this award, Ninivaggi directly holds 129,390 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
NINIVAGGI DANIEL A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,505 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 129,390 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant: 4,505 shares
Post-transaction holdings: 129,390 shares
Grant price: $0.00 per share
+1 more
4 metrics
RSU grant
4,505 shares
Restricted stock units granted on May 28, 2026
Post-transaction holdings
129,390 shares
Common Stock held directly after grant
Grant price
$0.00 per share
Awarded as compensation, not a market purchase
Vesting trigger
Earlier of one year or next annual meeting
Full vesting condition for the RSUs
Key Terms
restricted stock units, 2021 Long-term Incentive Plan, vest in full
3 terms
restricted stock units financial
"Represents a grant of restricted stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan."
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.
2021 Long-term Incentive Plan financial
"Represents a grant of restricted stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan."
vest in full financial
"The restricted stock units vest in full on the earlier of the one-year anniversary of the grant date or the next annual meeting"
FAQ
What did Garrett Motion (GTX) disclose about Daniel Ninivaggi’s latest equity grant?
Garrett Motion disclosed that director Daniel A. Ninivaggi received 4,505 restricted stock units of Common Stock. The grant was made under the 2021 Long-term Incentive Plan and increases his direct holdings to 129,390 shares following the transaction.
What are the vesting terms of Daniel Ninivaggi’s new Garrett Motion (GTX) RSUs?
The 4,505 restricted stock units vest in full on the earlier of the one-year anniversary of the grant date or the next annual meeting of stockholders. Vesting is subject to Ninivaggi’s continued service and specific conditions related to certain separations from service.
Was Daniel Ninivaggi’s Garrett Motion (GTX) equity grant a purchase or an award?
The Form 4 shows an award, not a market purchase. Daniel A. Ninivaggi acquired 4,505 shares as a grant of restricted stock units with a reported price of $0.00 per share, reflecting compensation rather than an open-market transaction.
Under which plan were Daniel Ninivaggi’s Garrett Motion (GTX) RSUs granted?
The restricted stock units were granted under the Garrett Motion Inc. 2021 Long-term Incentive Plan. This plan is used to provide equity-based compensation, and the RSUs awarded to Daniel A. Ninivaggi follow its terms and conditions.