Garrett Motion (GTX) CFO has shares withheld to cover equity award taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Garrett Motion Inc. SVP & Chief Financial Officer Sean Deason reported tax-related share dispositions, not open-market sales. On February 17, 2026, a total of 9,729 and 72,526 shares of common stock were withheld by Garrett Motion at a price of $20.62 per share to cover tax liabilities tied to the vesting of restricted and performance-based stock units granted on February 17, 2023. After these tax-withholding transactions, Deason directly owned 372,792 shares of Garrett Motion common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Deason Sean
Role
SVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 9,729 | $20.62 | $201K |
| Tax Withholding | Common Stock | 72,526 | $20.62 | $1.50M |
Holdings After Transaction:
Common Stock — 445,318 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) CFO Sean Deason report in this Form 4?
Sean Deason reported tax-withholding dispositions of Garrett Motion common stock, not open-market trades. On February 17, 2026, shares were withheld by the company to pay tax liabilities from vesting restricted and performance-based stock units that were originally granted on February 17, 2023.
Were Sean Deason’s Garrett Motion (GTX) Form 4 transactions open-market sales?
No, the transactions were not open-market sales. They were coded as tax-withholding dispositions, meaning Garrett Motion withheld shares to pay Deason’s tax liabilities upon vesting of stock awards rather than him selling shares directly into the market.
What equity awards triggered the tax-withholding dispositions for Garrett Motion (GTX) CFO?
The tax-withholding dispositions stemmed from restricted stock units and performance-based stock units granted on February 17, 2023. When these awards vested on February 17, 2026, Garrett Motion withheld shares, rather than cash, to satisfy the resulting tax liabilities owed by Sean Deason.