Garrett Motion (GTX) SVP has 5,378 shares withheld for RSU tax payment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Garrett Motion Inc. executive Fabrice Spenninck reported a routine tax-withholding transaction related to equity compensation. On April 30, 5,378 shares of common stock were withheld by the company at approximately $25.61 per share to cover taxes from the partial vesting of restricted stock units granted on May 26, 2021. After this non-market disposition, Spenninck held 154,360 shares of Garrett Motion common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Spenninck Fabrice
Role
SVP & Chief Human Res. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,378 | $25.61 | $138K |
Holdings After Transaction:
Common Stock — 154,360 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 5,378 shares
Implied price per share: $25.61 per share
Shares held after transaction: 154,360 shares
3 metrics
Shares withheld for taxes
5,378 shares
Withheld to cover tax liability on partial RSU vesting
Implied price per share
$25.61 per share
Used to value 5,378 withheld shares
Shares held after transaction
154,360 shares
Direct Garrett Motion common stock holdings post-transaction
Key Terms
restricted stock units, tax liability, withheld, transaction code F
4 terms
restricted stock units financial
"upon the partial vesting of restricted stock units granted on May 26, 2021"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax liability financial
"for payment of the tax liability incurred upon the partial vesting"
withheld financial
"Represents shares withheld by Garrett Motion Inc. for payment of the tax liability"
transaction code F regulatory
"transaction_code": "F""
FAQ
What insider transaction did GTX executive Fabrice Spenninck report on this Form 4?
Fabrice Spenninck reported a tax-related share disposition. Garrett Motion withheld 5,378 common shares at about $25.61 each to cover taxes from partially vesting restricted stock units granted on May 26, 2021, a routine compensation-related event rather than an open-market sale.
What does transaction code F mean in this GTX Form 4 filing?
Transaction code F indicates shares were used to pay an exercise price or tax liability. In this Garrett Motion filing, 5,378 common shares were withheld by the company specifically to cover Spenninck’s tax obligations on partially vesting restricted stock units, not as a discretionary market trade.
Does this GTX insider Form 4 suggest a change in investment sentiment by Spenninck?
The filing does not indicate a change in investment sentiment. The disposition reflects automatic tax withholding tied to equity compensation vesting, while Spenninck continues to own 154,360 Garrett Motion shares directly, suggesting this was a mechanical event rather than a strategic portfolio decision.