Garrett Motion (GTX) director uses 4,026 shares to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Garrett Motion Inc. director Joachim Drees reported a tax‑withholding share disposition related to equity compensation. On the vesting of restricted stock units granted on May 22, 2025, the company withheld 4,026 shares of Common Stock at $33.29 per share to cover his tax liability. After this non‑market transaction, Drees directly holds 36,710 shares of Garrett Motion common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Drees Joachim
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,026 | $33.29 | $134K |
Holdings After Transaction:
Common Stock — 36,710 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 4,026 shares
Withholding price per share: $33.29 per share
Shares held after transaction: 36,710 shares
+1 more
4 metrics
Shares withheld for taxes
4,026 shares
Withheld upon RSU vesting on May 22, 2026
Withholding price per share
$33.29 per share
Value used for tax-withholding shares
Shares held after transaction
36,710 shares
Director’s direct holdings following tax-withholding disposition
Tax-withholding transactions
1 transaction, 4,026 shares
Summary of tax-withholding activity in this Form 4
Key Terms
restricted stock units, tax liability, withheld
3 terms
restricted stock units financial
"the vesting of restricted stock units granted on May 22, 2025"
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.
tax liability financial
"for payment of the tax liability incurred upon the vesting"
withheld financial
"Represents shares withheld by Garrett Motion Inc. for payment"
FAQ
What insider transaction did Garrett Motion (GTX) director Joachim Drees report?
Joachim Drees reported a tax-withholding share disposition, not an open-market trade. Garrett Motion withheld 4,026 common shares to cover taxes due when his restricted stock units, granted May 22, 2025, vested, leaving him with 36,710 directly held shares.