Garrett Motion director granted 1,042 stock units
NINIVAGGI DANIEL A reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
NINIVAGGI DANIEL A reported acquisition or exercise transactions in this Form 4 filing.
Garrett Motion Inc. director Daniel A. Ninivaggi received an equity grant of 1,042 deferred stock units of Common Stock. The award was granted at no cash cost under the company’s 2021 Long-term Incentive Plan for service as a non-employee director.
The deferred stock units vest immediately upon grant and will be settled in common stock upon the earlier of a Change in Control of Garrett Motion Inc. or six months after Ninivaggi’s service on the Board ends. Following this grant, he holds 130,432 shares directly, reflecting routine director compensation rather than an open-market purchase.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,042 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents a grant of deferred stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan (the "Plan") for service as a non-employee director. The deferred stock units vest immediately upon grant and are payable as common stock on the earlier to occur of (i) a Change in Control of the Issuer (as defined in the Plan) or (ii) the six-month anniversary of the reporting person's cessation of service on the Board of Directors.
Key Figures
Key Terms
deferred stock units financial
2021 Long-term Incentive Plan financial
Change in Control financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Garrett Motion (GTX) report for Daniel A. Ninivaggi?
Was the Garrett Motion (GTX) director equity grant an open-market purchase?
When do Daniel A. Ninivaggi’s Garrett Motion (GTX) deferred stock units vest and pay out?
Under which plan were the Garrett Motion (GTX) deferred stock units granted?
AI-generated analysis. How Rhea-AI works. Not financial advice.