Garrett Motion director granted 512 stock units
Camuti Paul A reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Camuti Paul A reported acquisition or exercise transactions in this Form 4 filing.
Garrett Motion Inc. director Paul A. Camuti received an award of 512 deferred stock units of common stock as compensation for board service. The grant was made in lieu of cash under the company’s 2021 Long-term Incentive Plan and carries no purchase price.
The deferred stock 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 Camuti leaves the Board. Following this award, he directly holds 46,407 shares of Garrett Motion common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 512 | $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 regulatory
cessation of service regulatory
FAQ
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What did Garrett Motion (GTX) director Paul A. Camuti receive in this Form 4 filing?
What are deferred stock units in Garrett Motion (GTX) director compensation?
When will Paul A. Camuti’s Garrett Motion (GTX) deferred stock units be paid out?
Was there any cash paid for the Garrett Motion (GTX) stock units granted to Paul A. Camuti?
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