Garrett Motion grants director 1,882 stock units
NINIVAGGI DANIEL A reported acquisition or exercise transactions in this Form 4 filing.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,882 shares
Grant/Award
1 txn
Insider
NINIVAGGI DANIEL A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,882 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 142,063 shares (Direct)
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
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"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
