Form 4: Director Daniel Ninivaggi Receives Garrett Motion Equity
Statement of Changes in Beneficial Ownership
Director Daniel A. Ninivaggi was granted 4,505 restricted stock units as part of the Garrett Motion Inc. 2021 Long-term Incentive Plan.
Summary
- Director Daniel A. Ninivaggi acquired 4,505 shares of common stock in the form of restricted stock units (RSUs).
- The transaction occurred on May 28, 2026.
- Following this grant, the director's total beneficial ownership in Garrett Motion Inc. increased to 129,390 shares.
- The RSUs are subject to a vesting schedule tied to the one-year anniversary of the grant or the next annual stockholder meeting.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral in terms of immediate market impact.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
- Increase in total beneficial ownership by a member of the board.
Negatives
- None identified.
Risks
- Vesting is contingent upon continued service to the company.
Future Outlook
The restricted stock units will vest in full on the earlier of the one-year anniversary of the grant date or the next annual meeting of the Issuer's stockholders, provided the director remains in service.
Industry Context
StockSavvy.ai notes that equity grants to non-employee directors are standard corporate governance practice to ensure long-term alignment with shareholder value in the automotive technology sector.
Comparison to Industry Standards
- The use of restricted stock units for director compensation is consistent with standard practices for mid-cap industrial and automotive companies.
- The vesting period of one year or the next annual meeting is a common retention and governance structure.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Equity Compensation | Grant of restricted stock units under the 2021 Long-term Incentive Plan. | 05/28/2026 | Standard alignment of director compensation with company performance. |
Stakeholder Impact
- Shareholders: Minimal impact; reflects standard director compensation practices.
Next Steps
- Vesting of the 4,505 restricted stock units on the earlier of May 28, 2027, or the next annual stockholder meeting.
Key Dates
| Date | Description |
|---|---|
| 05/28/2026 | Date of the restricted stock unit grant transaction. |
| 06/01/2026 | Date the Form 4 was signed and filed. |
Keywords
Garrett Motion, GTX, Form 4, Insider Trading, Equity Compensation, Director Ownership
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