Director at Garrett Motion (NASDAQ: GTX) receives 512 deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Camuti Paul A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 512 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 46,407 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Deferred stock units granted: 512 units
Grant price per unit: $0.00 per share
Shares held after award: 46,407 shares
+2 more
5 metrics
Deferred stock units granted
512 units
Award to director Paul A. Camuti on July 1, 2026
Grant price per unit
$0.00 per share
Deferred stock units granted in lieu of cash compensation
Shares held after award
46,407 shares
Total Garrett Motion common stock directly owned by Camuti post-grant
Transaction code
A (Grant, award, or other acquisition)
Non-derivative acquisition reported on Form 4
Transaction direction
Acquire
Compensation-related stock unit grant to a non-employee director
Key Terms
deferred stock units, 2021 Long-term Incentive Plan, Change in Control, cessation of service
4 terms
deferred stock units financial
"Represents a grant of deferred stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
2021 Long-term Incentive Plan financial
"grant of deferred stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan"
Change in Control regulatory
"payable as common stock on the earlier to occur of (i) a Change in Control of the Issuer"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
cessation of service regulatory
"six-month anniversary of the reporting person's cessation of service on the Board of Directors"
FAQ
What did Garrett Motion (GTX) director Paul A. Camuti receive in this Form 4 filing?
Paul A. Camuti received 512 deferred stock units of Garrett Motion common stock as compensation for serving as a non-employee director, in lieu of cash. These units vest immediately and will later be delivered as common shares under specified settlement conditions.
What are deferred stock units in Garrett Motion (GTX) director compensation?
Deferred stock units are rights to receive common stock in the future instead of immediate cash. For Garrett Motion directors, these units vest at grant but are paid out as common shares upon a Change in Control or a set time after board service ends.
When will Paul A. Camuti’s Garrett Motion (GTX) deferred stock units be paid out?
The 512 deferred stock units will be settled in Garrett Motion common stock on the earlier of a Change in Control of the company or six months after Paul A. Camuti stops serving on the Board of Directors, according to the long-term incentive plan terms.
Was there any cash paid for the Garrett Motion (GTX) stock units granted to Paul A. Camuti?
No cash changed hands for this grant. The 512 deferred stock units were awarded at a stated price of $0.00 per share and were provided in lieu of cash compensation for Paul A. Camuti’s service as a non-employee director of Garrett Motion.