Garrett Motion (GTX) SVP receives RSU grant and has shares withheld for taxes
Rhea-AI Filing Summary
Garrett Motion Inc. senior vice president Mark Albert Rodrigues reported two equity-related transactions in company common stock. On March 5, shares were withheld for taxes, with 4,307 shares disposed to cover the tax liability from the partial vesting of previously granted restricted stock units.
On the same date, Rodrigues acquired 14,669 restricted stock units as a new grant under the 2021 Long-term Incentive Plan. These units vest in three equal annual installments on the first, second, and third anniversaries of the grant date, contingent on his continued service. Following these transactions, he directly held 93,694 shares.
Positive
- None.
Negative
- None.
Insights
Routine equity grant paired with tax withholding; no clear thesis change.
The disclosure shows Mark Albert Rodrigues, an executive at Garrett Motion Inc., receiving 14,669 restricted stock units under the 2021 Long-term Incentive Plan while 4,307 shares were withheld to satisfy tax obligations from prior RSU vesting.
The RSUs vest in three equal annual installments after the March 5 grant date, tying compensation to continued service and future company performance. The tax-withholding disposition is a non-discretionary mechanism rather than an open-market sale, so it does not clearly signal a change in the executive’s view of the stock.
After these movements, Rodrigues directly held 93,694 common shares. Overall, the transactions look like standard executive equity compensation and related tax settlement, and on their own are unlikely to materially alter a sophisticated investor’s assessment.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,307 | $18.87 | $81K |
| Grant/Award | Common Stock | 14,669 | $0.00 | -- |
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 March 5, 2024 and March 5, 2025. Represents a grant of restricted stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan. The restricted stock units vest in three equal annual installments on the first, second and third anniversary of the grant date, subject to the reporting person's continued service.