Form 4: Centerbridge Partners Reduce Stake in Garrett Motion Inc.

Centerbridge Special Credit Partners III-Flex, L.P. and related entities have sold shares of Garrett Motion Inc. common stock, reducing their beneficial ownership.

Summary

• Centerbridge Special Credit Partners III-Flex, L.P. sold 365,790 shares of Garrett Motion Inc. common stock at a price of $9.41 on March 7, 2025.
• Following this transaction, Centerbridge Special Credit Partners III-Flex, L.P. indirectly holds 23,351,125 shares.
• Centerbridge Credit Partners Master, L.P. also sold 154,210 shares at $9.41 on the same date.
• After this sale, Centerbridge Credit Partners Master, L.P. indirectly holds 9,795,684 shares.
• The reporting persons disclaim beneficial ownership of the reported securities except to the extent of any proportionate pecuniary interest therein.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reflects a transaction that could be interpreted in different ways. It's a sale of shares, which could be seen as negative, but it doesn't necessarily indicate a lack of confidence in the company's future.

Negatives

• Centerbridge has reduced its stake in Garrett Motion Inc., which could be interpreted negatively by the market.

Risks

• Further sales by Centerbridge could put downward pressure on Garrett Motion Inc.'s stock price.

Industry Context

This transaction reflects investment firms adjusting their portfolios, which is a common occurrence in the financial markets. It's important to monitor further transactions and their potential impact on Garrett Motion Inc.'s stock.

Comparison to Industry Standards

• It is difficult to compare this transaction to industry standards without knowing the specific investment strategies and portfolio allocations of Centerbridge Partners.
• Similar transactions by other large shareholders in comparable companies could provide a benchmark for assessing the significance of this sale.

Stakeholder Impact

• Shareholders may react to the news of Centerbridge reducing its stake.
• Employees and other stakeholders may be indirectly affected by any resulting changes in the company's stock price or strategic direction.

Key Dates