Garrett Motion director granted 1,023 stock units
Drees Joachim reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,023 | $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") 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
Key Terms
deferred stock units financial
2021 Long-term Incentive Plan financial
Change in Control financial
cessation of service financial
AI-generated analysis. How Rhea-AI works. Not financial advice.