Garrett Motion (GTX) SVP reports tax-withholding share dispositions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Garrett Motion Inc. senior vice president and chief technology officer Craig Balis reported two tax-related share dispositions in company stock. On February 17, 2026, a total of 6,853 and 51,085 shares of common stock were withheld by the company at $20.62 per share to cover tax liabilities triggered by the vesting of previously granted restricted and performance-based stock units. After these withholding transactions, Balis continued to hold substantial direct ownership in Garrett Motion common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Balis Craig
Role
SVP & Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 6,853 | $20.62 | $141K |
| Tax Withholding | Common Stock | 51,085 | $20.62 | $1.05M |
Holdings After Transaction:
Common Stock — 323,246 shares (Direct)
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 February 17, 2023. Represents shares withheld by Garrett Motion Inc. for payment of the tax liability incurred upon the vesting of performance-based stock units granted on February 17, 2023.
FAQ
What insider transaction did GTX executive Craig Balis report?
Craig Balis reported tax-related share dispositions where Garrett Motion withheld company stock to cover his tax liability. The shares were tied to the vesting of restricted and performance-based stock units originally granted on February 17, 2023.
Was the GTX Form 4 transaction an open-market sale by Craig Balis?
No, the transactions were tax-withholding dispositions, not open-market sales. Garrett Motion withheld shares of common stock to satisfy tax obligations arising from the vesting of restricted and performance-based stock units granted to Craig Balis.
How many separate tax-withholding transactions did GTX report for Craig Balis?
Two separate tax-withholding transactions were reported for Craig Balis. One related to the partial vesting of restricted stock units, and the other related to the vesting of performance-based stock units, both settled through shares of Garrett Motion common stock.