Garrett Motion (GTX) CEO has shares withheld to cover equity award taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Garrett Motion Inc. President & CEO Olivier Rabiller reported two tax-related share dispositions. On February 17, 2026, a total of 27,554 and 205,409 common shares were withheld by the company to cover tax liabilities triggered by the vesting of restricted and performance-based stock units granted on February 17, 2023. These are tax-withholding dispositions rather than open-market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Rabiller Olivier
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 27,554 | $20.62 | $568K |
| Tax Withholding | Common Stock | 205,409 | $20.62 | $4.24M |
Holdings After Transaction:
Common Stock — 1,540,955 shares (Direct)
Footnotes (1)
- Represents shares withheld by Garrett Motion Inc. for payment of the tax liability incurred upon the partial vesting of restricted stock units granted on February 17, 2023. Represents shares withheld by Garrett Motion Inc. for payment of the tax liability incurred upon the vesting of performance-based stock units granted on February 17, 2023.
FAQ
What did Garrett Motion (GTX) CEO Olivier Rabiller report in this Form 4?
Olivier Rabiller reported share dispositions related to tax withholding. On February 17, 2026, Garrett Motion withheld blocks of 27,554 and 205,409 common shares to pay taxes arising from vesting equity awards originally granted on February 17, 2023.
Were the Garrett Motion (GTX) CEO’s Form 4 transactions open-market stock sales?
No, the reported transactions were not open-market stock sales. The Form 4 shows shares of common stock were withheld by Garrett Motion to satisfy tax liabilities from vesting restricted and performance-based stock units granted on February 17, 2023.
What does transaction code F mean in the Garrett Motion (GTX) CEO Form 4?
Transaction code F indicates shares used to pay tax or exercise costs. In this case, it reflects Garrett Motion withholding common shares from the CEO’s vesting restricted and performance-based stock units on February 17, 2026 to satisfy the associated tax liabilities.