Garrett Motion (GTX) VP uses 1,160 shares to cover tax liabilities
Rhea-AI Filing Summary
Garrett Motion Inc. executive Joanne Lau, VP, CAO and Controller, reported two tax-related share withholdings on February 17, 2026. A total of 1,160 shares of common stock (292 and 868 shares at $20.62 per share) were withheld by the company to cover tax liabilities from the vesting of restricted and performance-based stock units granted on February 17, 2023. After these transactions, Lau directly held 134,950 shares of Garrett Motion common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,160 shares
Net Sell
2 txns
Insider
LAU JOANNE
Role
VP, CAO and Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 292 | $20.62 | $6K |
| Exercise Price or Tax Liability | Common Stock | 868 | $20.62 | $18K |
Holdings After Transaction:
Common Stock — 134,950 shares (Direct)
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 February 17, 2023.
- F2. 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Garrett Motion (GTX) executive Joanne Lau report on this Form 4?
Joanne Lau reported two tax-withholding dispositions of Garrett Motion common stock. In total, 1,160 shares were withheld by the company to satisfy tax liabilities arising from vesting equity awards granted on February 17, 2023.
Were Joanne Lau’s Garrett Motion (GTX) Form 4 transactions open-market sales?
No, the Form 4 describes tax-withholding dispositions, not open-market sales. The company retained shares (transaction code F) to cover Lau’s tax obligations when restricted and performance-based stock units vested on February 17, 2026.