Garrett Motion SVP has 9,129 shares withheld for tax
Garrett Motion Inc. senior vice president and chief technology officer Craig Balis reported a routine tax-related share disposition.
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Rhea-AI Filing Summary
Garrett Motion Inc. senior vice president and chief technology officer Craig Balis reported a routine tax-related share disposition. On the partial vesting of restricted stock units granted on May 26, 2021, 9,129 shares of common stock were withheld by the company to cover his tax liability at $25.61 per share. Following this withholding, Balis directly holds 274,808 shares of Garrett Motion common stock, indicating that the transaction reflects compensation-related tax settlement rather than an open-market sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 9,129 | $25.61 | $234K |
Footnotes (1)
- F1. Represents shares withheld by Garrett Motion Inc. for payment of the tax liability incurred upon the partial vesting of restricted stock units granted on May 26, 2021.
Key Figures
Key Terms
restricted stock units financial
tax liability financial
withheld financial
Form 4 regulatory
FAQ
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What insider transaction did Garrett Motion (GTX) report for Craig Balis?
Was Craig Balis’s Garrett Motion (GTX) Form 4 transaction an open-market sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.