Garrett Motion director granted 1,023 stock units
Drees Joachim reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Drees Joachim reported acquisition or exercise transactions in this Form 4 filing.
Garrett Motion Inc. director Joachim Drees received a grant of 1,023 deferred stock units as compensation for serving as a non-employee director, in lieu of cash fees, under the company’s 2021 Long-term Incentive Plan. These units vest immediately and will be settled in common stock on the earlier of a Change in Control of the company or six months after he leaves the board. Following this award, he directly holds 42,238 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,023 shares
Grant/Award
1 txn
Insider
Drees Joachim
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,023 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 42,238 shares (Direct)
Footnotes (1)
- F1. Represents a grant of deferred stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan (the "Plan") in lieu of cash compensation 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: 1,023 units
Shares held after transaction: 42,238 shares
Grant price per share: $0.0000 per share
+1 more
4 metrics
Deferred stock units granted
1,023 units
Grant to Joachim Drees on 2026-07-01
Shares held after transaction
42,238 shares
Direct common stock holdings after grant
Grant price per share
$0.0000 per share
Compensation grant, no cash paid by director
Transaction date
2026-07-01
Date of deferred stock unit grant
Key Terms
deferred stock units, 2021 Long-term Incentive Plan, Change in Control, cessation of service
4 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
"under the Garrett Motion Inc. 2021 Long-term Incentive Plan (the "Plan") in lieu of cash compensation"
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.
cessation of service financial
"or (ii) the six-month anniversary of the reporting person's cessation of service on the Board of Directors"
AI-generated analysis. How Rhea-AI works. Not financial advice.