GTX HR chief reports tax-withholding share disposition
Garrett Motion Inc. senior vice president and chief human resources officer Fabrice Spenninck reported tax-related share dispositions tied to equity awards.
Rhea-AI Filing Summary
Garrett Motion Inc. senior vice president and chief human resources officer Fabrice Spenninck reported tax-related share dispositions tied to equity awards. On February 17, he had 4,781 and 35,639 shares of common stock withheld at $20.62 per share to cover tax liabilities from vesting restricted stock units and performance-based stock units granted February 17, 2023.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 40,420 shares
Exercise Price or Tax Liability
2 txns
Insider
Spenninck Fabrice
Role
SVP & Chief Human Res. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 4,781 | $20.62 | $99K |
| Exercise Price or Tax Liability | Common Stock | 35,639 | $20.62 | $735K |
Holdings After Transaction:
Common Stock — 190,239 shares (Direct)
Footnotes (2)
- 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 February 17, 2023.
- F2. Represents shares withheld by Garrett Motion Inc. for payment of the tax liability incurred upon the vesting of performance-based stock units granted on February 17, 2023.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did GTX executive Fabrice Spenninck report?
Fabrice Spenninck reported tax-withholding dispositions of Garrett Motion common stock. A total of 4,781 and 35,639 shares were withheld at $20.62 per share to satisfy tax liabilities from vesting equity awards granted on February 17, 2023.
Was the GTX Form 4 transaction an open-market sale by the executive?
No, the Form 4 reflects tax-withholding dispositions, not open-market sales. Garrett Motion withheld 4,781 and 35,639 shares at $20.62 per share to pay Spenninck’s tax liabilities triggered by vesting restricted and performance-based stock units granted in February 2023.
AI-generated analysis. How Rhea-AI works. Not financial advice.