STOCK TITAN

Garrett Motion (GTX) SVP has 5,378 shares withheld for RSU tax payment

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
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 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)
  1. [object Object]
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
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""
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Spenninck Fabrice

(Last)(First)(Middle)
C/O GARRETT MOTION INC.
LA PIECE 16

(Street)
ROLLE1180

(City)(State)(Zip)

SWITZERLAND

(Country)
2. Issuer Name and Ticker or Trading Symbol
Garrett Motion Inc. [ GTX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
SVP & Chief Human Res. Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock04/30/2026F(1)5,378D$25.61154,360D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
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 May 26, 2021.
/s/ Fabrice Spenninck, by Patrick Foley as Attorney-in-Fact05/04/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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.

Was the GTX Form 4 transaction an open-market sale of shares?

No, the transaction was not an open-market sale. The 5,378 Garrett Motion shares were withheld by the company to satisfy Spenninck’s tax liability from partial vesting of restricted stock units, a standard mechanism for handling equity award taxes instead of selling shares in the market.

How many GTX shares does Fabrice Spenninck hold after this Form 4 event?

Following the tax-withholding disposition, Fabrice Spenninck directly holds 154,360 Garrett Motion common shares. This figure reflects his remaining position after 5,378 shares were withheld by the company to cover tax obligations associated with the partial vesting of earlier granted restricted stock units.

What caused the tax liability that led to share withholding for GTX’s Spenninck?

The tax liability arose from the partial vesting of restricted stock units granted to Spenninck on May 26, 2021. When these RSUs vested, they became taxable compensation, and Garrett Motion withheld 5,378 shares to pay the associated taxes instead of requiring separate cash payment.

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.