Garrett Motion (GTX) CEO gets 112,948 RSU grant, withholds 58,752 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Garrett Motion Inc. President & CEO Olivier Rabiller reported two equity-related transactions in company common stock. He received a grant of 112,948 restricted stock units, recorded at $0.00 per share, as an award under the 2021 Long-term Incentive Plan. These restricted stock units vest in three equal annual installments on the first, second and third anniversary of the grant date, subject to his continued service.
On the same date, 58,752 shares were disposed of at $18.87 per share to cover tax liabilities from the partial vesting of restricted stock units previously granted on March 5, 2024 and March 5, 2025. Following these transactions, Rabiller directly held 959,742 shares of Garrett Motion common stock.
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 | 58,752 | $18.87 | $1.11M |
| Grant/Award | Common Stock | 112,948 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 846,794 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 March 5, 2024 and March 5, 2025. Represents a grant of restricted stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan. The restricted stock units vest in three equal annual installments on the first, second and third anniversary of the grant date, subject to the reporting person's continued service.
FAQ
What insider transactions did GTX CEO Olivier Rabiller report on this Form 4?
Olivier Rabiller reported a grant of 112,948 restricted stock units and the withholding of 58,752 common shares for taxes. Both transactions involved Garrett Motion Inc. equity and were recorded as non-derivative transactions directly held by the President and CEO.
What is the vesting schedule for Olivier Rabiller’s new GTX restricted stock units?
The new restricted stock units granted to Olivier Rabiller vest in three equal annual installments on the first, second and third anniversary of the grant date. Vesting occurs only if he continues to serve with Garrett Motion Inc. through each applicable anniversary.
Were Olivier Rabiller’s Garrett Motion transactions open-market buys or sells?
No open-market trades were reported. The Form 4 shows a grant of 112,948 restricted stock units and a tax-withholding disposition of 58,752 shares to cover tax liabilities from prior RSU vesting, both handled as equity compensation-related entries rather than market purchases or sales.