Garrett Motion (GTX) director awarded 4,505 restricted stock units in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Drees Joachim reported acquisition or exercise transactions in this Form 4 filing.
Garrett Motion Inc. director Joachim Drees reported an equity award rather than an open-market trade. He received 4,505 restricted stock units of Common Stock under the Garrett Motion Inc. 2021 Long-term Incentive Plan. These units vest in full on the earlier of the one-year anniversary of the grant date or the next annual meeting of stockholders, subject to his continued service and certain separations from service. Following this grant, he holds 41,215 shares of Common Stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Drees Joachim
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,505 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 41,215 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 4,505 restricted stock units
Shares held after grant: 41,215 shares
Vesting period: Earlier of one-year anniversary or next annual meeting
3 metrics
RSUs granted
4,505 restricted stock units
Equity award to director on grant date
Shares held after grant
41,215 shares
Common Stock directly owned after transaction
Vesting period
Earlier of one-year anniversary or next annual meeting
Full vesting condition for the restricted stock units
Key Terms
restricted stock units, 2021 Long-term Incentive Plan, vest in full, separations from service
4 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."
separations from service financial
"subject to the reporting person's continued service and in connection with certain separations from service."
FAQ
What insider transaction did Garrett Motion (GTX) disclose for Joachim Drees?
Garrett Motion disclosed that director Joachim Drees received 4,505 restricted stock units of Common Stock as an equity award. This is a compensation grant under the company’s 2021 Long-term Incentive Plan, not an open-market purchase or sale of shares.
What type of equity award did Garrett Motion (GTX) grant to Joachim Drees?
Joachim Drees received a grant of 4,505 restricted stock units tied to Garrett Motion Common Stock. The award was made under the Garrett Motion Inc. 2021 Long-term Incentive Plan as part of his director compensation, with no purchase price paid per share.
When do Joachim Drees’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 Garrett Motion’s stockholders. Vesting is conditioned on his continued service and specific separation-from-service circumstances.
Is the Garrett Motion (GTX) Form 4 transaction a buy or sell in the market?
The Form 4 does not report a market buy or sell. It records a grant or award acquisition of 4,505 restricted stock units to director Joachim Drees as compensation, with a stated price per share of zero dollars for the award.
Under which plan were the Garrett Motion (GTX) restricted stock units granted?
The restricted stock units granted to Joachim Drees were issued under the Garrett Motion Inc. 2021 Long-term Incentive Plan. This plan governs equity-based compensation awards for eligible participants, including directors, according to the terms approved by the company.