Garrett Motion director granted 1,042 stock units
NINIVAGGI DANIEL A reported acquisition or exercise transactions in this Form 4 filing.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,042 shares
Grant/Award
1 txn
Insider
NINIVAGGI DANIEL A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,042 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 130,432 shares (Direct)
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
Deferred stock units granted: 1,042 units
Grant price per unit: $0.00 per share
Shares held after transaction: 130,432 shares
3 metrics
Deferred stock units granted
1,042 units
Grant of deferred stock units for non-employee director service
Grant price per unit
$0.00 per share
Compensation award, not open-market purchase
Shares held after transaction
130,432 shares
Total Common Stock beneficially owned directly after grant
Key Terms
deferred stock units, 2021 Long-term Incentive Plan, Change in Control
3 terms
deferred stock units financial
"Represents a grant of deferred stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
2021 Long-term Incentive Plan financial
"Represents a grant of deferred stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan"
Change in Control financial
"payable as common stock on the earlier to occur of (i) a Change in Control of the Issuer"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
FAQ
What insider transaction did Garrett Motion (GTX) report for Daniel A. Ninivaggi?
Garrett Motion reported that director Daniel A. Ninivaggi received a grant of 1,042 deferred stock units of Common Stock. The award was provided as compensation for service as a non-employee director under the company’s 2021 Long-term Incentive Plan.
Was the Garrett Motion (GTX) director equity grant an open-market purchase?
No, the 1,042-share transaction was a grant of deferred stock units at a price of $0.00 per share. It is a compensation award under the 2021 Long-term Incentive Plan, not an open-market purchase of Garrett Motion stock by the director.
When do Daniel A. Ninivaggi’s Garrett Motion (GTX) deferred stock units vest and pay out?
The deferred stock units vest immediately upon grant. They are payable in common stock on the earlier of a Change in Control of Garrett Motion Inc. or six months after Daniel A. Ninivaggi ceases serving on the Board of Directors.
Under which plan were the Garrett Motion (GTX) deferred stock units granted?
The 1,042 deferred stock units were granted under the Garrett Motion Inc. 2021 Long-term Incentive Plan. This plan provides equity-based compensation, and the grant was made for service as a non-employee director on the company’s Board.
AI-generated analysis. How Rhea-AI works. Not financial advice.
