Garrett Motion (GTX) director receives 4,505 restricted stock units in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Steyn Julia reported acquisition or exercise transactions in this Form 4 filing.
Garrett Motion Inc. director Julia Steyn received an equity award of 4,505 restricted stock units. The award was granted at no cash cost under the Garrett Motion Inc. 2021 Long-term Incentive Plan.
The units vest in full on the earlier of one year from the grant date or the next annual stockholder meeting, subject to her continued service and certain separation conditions. After this grant, she directly holds 54,738 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Steyn Julia
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,505 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 54,738 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock units granted: 4,505 units
Grant price per unit: $0.00 per unit
Shares held after transaction: 54,738 shares
3 metrics
Restricted stock units granted
4,505 units
Equity award to director on 2026-05-28
Grant price per unit
$0.00 per unit
Compensation award, not market purchase
Shares held after transaction
54,738 shares
Total direct common stock holdings after grant
Key Terms
restricted stock units, 2021 Long-term Incentive Plan, vest in full
3 terms
restricted stock units financial
"Represents a grant of restricted stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2021 Long-term Incentive Plan financial
"Represents a grant of restricted stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan."
vest in full financial
"The restricted stock units vest in full on the earlier of the one-year anniversary of the grant date or the next annual meeting."
FAQ
What insider transaction did Garrett Motion (GTX) report for Julia Steyn?
Garrett Motion reported that director Julia Steyn received an award of 4,505 restricted stock units. These equity units were granted at no cash cost under the company’s 2021 Long-term Incentive Plan, increasing her direct holdings to 54,738 common shares after the award.
What is the nature of the equity granted to Julia Steyn at Garrett Motion (GTX)?
The equity consists of 4,505 restricted stock units granted under Garrett Motion Inc.’s 2021 Long-term Incentive Plan. Each unit represents a right to receive common stock, with vesting conditions based on time and continued service, rather than an immediate cash-paid stock purchase.
When do Julia Steyn’s Garrett Motion (GTX) restricted stock units vest?
The restricted stock units vest in full on the earlier of the one-year anniversary of the grant date or the next annual meeting of stockholders. Vesting is conditioned on her continued service and may also occur in connection with certain separations from service under the plan terms.