Garrett Motion (GTX) CTO awarded 24,543 RSUs, 12,767 shares withheld
Filing Impact
Filing Sentiment
Form Type
4
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
2 transactions reported
Mixed
2 txns
Insider
Balis Craig
Role
SVP & Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 12,767 | $18.87 | $241K |
| Grant/Award | Common Stock | 24,543 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 259,394 shares (Direct)
Footnotes (1)
- 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. 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
What insider transactions did GTX executive Craig Balis report?
Garrett Motion SVP & CTO Craig Balis reported a tax-withholding disposition of 12,767 common shares at 18.87 per share and the grant of 24,543 restricted stock units. The RSUs vest over three years, and his direct holdings increased to 283,937 shares after these transactions.
What stock award did Garrett Motion (GTX) grant to Craig Balis?
Garrett Motion granted Craig Balis 24,543 restricted stock units under its 2021 Long-term Incentive Plan. These RSUs vest in three equal annual installments on the first, second, and third anniversaries of the March 5 grant date, contingent on his continued service with the company.
How do the new RSUs for GTX’s Craig Balis vest over time?
The 24,543 restricted stock units granted to Craig Balis vest in three equal annual installments. Vesting occurs on the first, second, and third anniversaries of the March 5 grant date, and each installment is subject to his continued service with Garrett Motion throughout the vesting period.