Garrett Motion director granted 924 deferred stock units
Camuti Paul A reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Camuti Paul A reported acquisition or exercise transactions in this Form 4 filing.
Garrett Motion Inc. director Paul A. Camuti received 924 deferred stock units of common stock as compensation for his service as a non-employee director. These units were granted under the company’s 2021 Long-term Incentive Plan in lieu of cash fees.
The deferred stock units vest immediately and will be settled in common shares upon a change in control of Garrett Motion or six months after Camuti ceases serving on the board. Following this award, his directly held common stock and deferred units reported in this filing total 41,390 shares.
Positive
- None.
Negative
- None.
Insights
Routine director equity grant with deferred settlement, neutral for shareholders.
Paul A. Camuti, a director of Garrett Motion Inc., received 924 deferred stock units as part of standard board compensation, replacing cash fees. The grant carries no cash exercise price, indicating it is a pure equity-based award rather than a market transaction.
The units vest immediately but are only delivered as common shares upon a change in control or six months after he leaves the board. This structure aligns director incentives with long-term company performance while deferring issuance. The award is small relative to his total 41,390 reported shares, making it a routine, non-disruptive event.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 924 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents a grant of deferred stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan (the "Plan") in lieu of cash compensation for service as a non-employee director. The deferred stock units vest immediately upon grant and are payable as common stock on the earlier to occur of (i) a Change in Control of the Issuer (as defined in the Plan) or (ii) the six-month anniversary of the reporting person's cessation of service on the Board of Directors.
Key Figures
Key Terms
deferred stock units financial
2021 Long-term Incentive Plan financial
Change in Control financial
non-employee director financial
Form 4 regulatory
FAQ
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What did Garrett Motion (GTX) director Paul A. Camuti acquire in this Form 4 filing?
When do Paul A. Camuti’s Garrett Motion deferred stock units vest and pay out?
Why did Garrett Motion grant deferred stock units instead of cash to its director?
AI-generated analysis. How Rhea-AI works. Not financial advice.