Garrett Motion CTO gets 24,543-share stock grant
Garrett Motion Inc. SVP & Chief Technology Officer Craig Balis reported two equity transactions in common stock.
Rhea-AI Filing Summary
Garrett Motion Inc. SVP & Chief Technology Officer Craig Balis reported two equity transactions in common stock. On March 5, he had 12,767 shares withheld at 18.87 per share to cover tax liabilities from the partial vesting of earlier restricted stock unit grants.
On the same date, he received a grant of 24,543 restricted stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan. These units vest in three equal annual installments on the first, second, and third anniversaries of the grant date, subject to his continued service. Following these transactions, he directly holds 283,937 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 12,767 | $18.87 | $241K |
| Grant/Award | Common Stock | 24,543 | $0.00 | $0.00 |
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 March 5, 2024 and March 5, 2025.
- F2. Represents a grant of restricted stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan. The restricted stock units vest in three equal annual installments on the first, second and third anniversary of the grant date, subject to the reporting person's continued service.
FAQ
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