Director at Garrett Motion (GTX) receives 1,882 stock units in lieu of cash

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 1,882 deferred stock units of common stock for his service as a non-employee director. The units were awarded in lieu of cash compensation and vest immediately upon grant.

The deferred stock units will be settled in common stock on the earlier of a Change in Control of Garrett Motion or six months after Ninivaggi’s service on the Board ends. Following this award, he directly holds 142,063 shares of common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider NINIVAGGI DANIEL A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,882	$0.00	--

Holdings After Transaction: Common Stock — 142,063 shares (Direct)

Footnotes (1)

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Key Figures

Deferred stock units granted: 1,882 units Shares held after transaction: 142,063 shares Vesting timing: Immediate vesting +1 more

4 metrics

Deferred stock units granted 1,882 units Grant of deferred stock units on 2026-04-01

Shares held after transaction 142,063 shares Total direct common stock holdings following grant

Vesting timing Immediate vesting Deferred stock units vest immediately upon grant

Settlement trigger Earlier of Change in Control or six months after service ends Timing for payment of units in common stock

Key Terms

deferred stock units, Long-term Incentive Plan, Change in Control, non-employee director

4 terms

deferred stock units financial

"Represents a grant of deferred stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

Long-term Incentive Plan financial

"under the Garrett Motion Inc. 2021 Long-term Incentive Plan (the "Plan") in lieu of cash compensation"

A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.

Change in Control regulatory

"payable as common stock on the earlier to occur of (i) a Change in Control of the Issuer"

A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.

non-employee director financial

"in lieu of cash compensation for service as a non-employee director"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

NINIVAGGI DANIEL A

(Last) (First) (Middle)

C/O GARRETT MOTION INC.

LA PIECE 16

(Street)

ROLLE 1180

(City) (State) (Zip)

SWITZERLAND

(Country)

2. Issuer Name and Ticker or Trading Symbol
Garrett Motion Inc. [ GTX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/01/2026		A		1,882	A	(1)	142,063	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

	/s/ Daniel A. Ninivaggi, by Patrick Foley as attorney-in-fact	04/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Garrett Motion (GTX) report for Daniel A. Ninivaggi?

Garrett Motion reported that director Daniel A. Ninivaggi received 1,882 deferred stock units of common stock. These units were granted as compensation for his service as a non-employee director and were issued in place of cash fees under the company’s 2021 Long-term Incentive Plan.

How many Garrett Motion (GTX) shares does Daniel A. Ninivaggi hold after this Form 4?

After the reported grant, Daniel A. Ninivaggi directly holds 142,063 shares of Garrett Motion common stock. This total reflects his ownership following the award of 1,882 deferred stock units, which are structured to be settled in common shares at a future settlement event.

What are the key terms of the Garrett Motion (GTX) deferred stock unit grant?

The grant consists of 1,882 deferred stock units that vest immediately upon grant. They were issued under the Garrett Motion Inc. 2021 Long-term Incentive Plan in lieu of cash director fees and will be paid out in common stock upon specific future events described in the plan.

When will Daniel A. Ninivaggi’s Garrett Motion (GTX) deferred stock units be paid in stock?

The deferred stock units will be converted into common stock on the earlier of a Change in Control of Garrett Motion or six months after Ninivaggi ceases serving on the Board. Until then, they remain as deferred units rather than immediately delivered shares.

Why did Garrett Motion (GTX) grant deferred stock units instead of cash to its director?

Garrett Motion granted deferred stock units to Daniel A. Ninivaggi in lieu of cash compensation for his non-employee director service. This structure aligns his compensation with equity in the company and is provided through the Garrett Motion Inc. 2021 Long-term Incentive Plan framework.