Garrett Motion Inc. (GTX) SVP has 5,641 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Garrett Motion Inc. senior vice president Daniel Deiro had shares withheld to cover taxes on equity compensation, rather than selling stock on the market. On the tax-withholding transaction date, 5,641 shares of common stock were withheld at $25.61 per share in connection with the partial vesting of restricted stock units granted on May 26, 2021. After this non-market disposition, Deiro directly holds 163,783 shares of Garrett Motion common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Deiro Daniel
Role
SVP, CM & GM Japan/Korea
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,641 | $25.61 | $144K |
Holdings After Transaction:
Common Stock — 163,783 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 5,641 shares
Withholding price per share: $25.61 per share
Shares held after transaction: 163,783 shares
3 metrics
Shares withheld for taxes
5,641 shares
Tax-withholding disposition on common stock
Withholding price per share
$25.61 per share
Value used for tax withholding on 5,641 shares
Shares held after transaction
163,783 shares
Direct holdings after tax-withholding disposition
Key Terms
restricted stock units, tax liability, tax-withholding disposition
3 terms
restricted stock units financial
"partial vesting of restricted stock units granted on May 26, 2021"
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.
tax liability financial
"for payment of the tax liability incurred upon the partial vesting"
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider activity did Garrett Motion (GTX) report for Daniel Deiro?
Garrett Motion reported that SVP Daniel Deiro had 5,641 common shares withheld to pay taxes on vesting restricted stock units. This Form 4 event reflects a compensation-related tax withholding, not an open-market purchase or sale of GTX shares.
Was Daniel Deiro’s Form 4 transaction in Garrett Motion stock a market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Garrett Motion withheld 5,641 shares to satisfy Daniel Deiro’s tax liability on partially vesting restricted stock units granted in May 2021, a common administrative equity-compensation event.