Garrett Motion (GTX) tech chief earns 113,520 performance-based shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Garrett Motion Inc. SVP & Chief Technology Officer Craig Balis reported an acquisition of 113,520 shares of common stock. The shares were certified as earned from a performance-based stock unit (PSU) award granted on February 17, 2023, after the board confirmed that required performance goals were achieved on February 11, 2026. The PSUs are scheduled to vest on February 17, 2026, and following this reported transaction Balis directly held 330,099 shares of Garrett Motion common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Balis Craig
Role
SVP & Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 113,520 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 330,099 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Garrett Motion Inc. (GTX) report for Craig Balis?
Garrett Motion Inc. reported that SVP & Chief Technology Officer Craig Balis acquired 113,520 shares of common stock. These shares were earned from a performance-based stock unit award after performance goals were certified as achieved on February 11, 2026, and will vest on February 17, 2026.
What role does Craig Balis hold at Garrett Motion Inc. (GTX) in this Form 4 filing?
In this Form 4, Craig Balis is identified as an officer of Garrett Motion Inc., serving as Senior Vice President and Chief Technology Officer. The filing reports equity compensation in the form of performance-based stock units that earned out based on certified performance goals.
When were the performance-based stock units for Craig Balis at Garrett Motion (GTX) granted and certified?
The performance-based stock units tied to the 113,520 shares were granted on February 17, 2023. The board, following its Talent Management & Compensation Committee’s recommendation, certified achievement of the applicable performance metrics and goals on February 11, 2026, triggering the award’s earn-out.