Garrett Motion CEO receives RSU grant, withholds shares
Garrett Motion Inc. President & CEO Olivier Rabiller reported two equity-related transactions in company common stock.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 58,752 | $18.87 | $1.11M |
| Grant/Award | Common Stock | 112,948 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did GTX CEO Olivier Rabiller report on this Form 4?
What is the vesting schedule for Olivier Rabiller’s new GTX restricted stock units?
Were Olivier Rabiller’s Garrett Motion transactions open-market buys or sells?
AI-generated analysis. How Rhea-AI works. Not financial advice.