Form 4: Garrett Motion CEO Earns 456K Shares in PSU Vesting

Garrett Motion Inc.'s President and CEO, Olivier Rabiller, has earned 456,461 shares of common stock from performance-based stock units.

Summary

• Olivier Rabiller, President & CEO and Director of Garrett Motion Inc. (GTX), reported an acquisition of common stock.
• The transaction involved 456,461 shares of Common Stock, acquired on February 11, 2026.
• These shares represent performance-based stock units (PSUs) granted on February 17, 2023.
• The Issuer's Board of Directors, upon recommendation from its Talent Management & Compensation Committee, certified the achievement of applicable performance metrics and goals on February 11, 2026.
• The PSUs are scheduled to vest on February 17, 2026.
• Following this transaction, Olivier Rabiller beneficially owns 1,568,509 shares of Common Stock.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a positive indicator of management's successful achievement of performance goals, reinforcing alignment between executive incentives and company performance. It's a routine compensation event, not a major catalyst, but reflects positively on governance and operational execution.

Positives

• The certification of performance-based stock units indicates that management has met specific pre-defined performance metrics and goals, aligning executive compensation with company performance.
• The acquisition of 456,461 shares at a price of $0 signifies a non-cash award, which is a common and effective way to incentivize long-term executive performance and retention.

Future Outlook

The performance-based stock units are scheduled to vest on February 17, 2026, indicating a future increase in Olivier Rabiller's direct beneficial ownership of Garrett Motion Inc. common stock.

Industry Context

StockSavvy.ai notes that the vesting of performance-based stock units for a CEO is a standard practice in executive compensation across various industries. It reflects the achievement of pre-set corporate goals, which is generally viewed positively as it aligns management's interests with those of shareholders. This type of compensation structure is common in the automotive technology and manufacturing sectors, where long-term performance incentives are crucial for innovation and market share growth.

Comparison to Industry Standards

• This type of performance-based equity award is a common component of executive compensation packages, similar to those seen at comparable companies in the automotive and industrial sectors such as BorgWarner Inc., Cummins Inc., or Aptiv PLC, which also utilize PSUs to incentivize long-term performance and align executive interests with shareholder value creation.
• The certification of performance metrics by the Board's compensation committee is a standard governance practice, ensuring that awards are tied to objective achievements rather than discretionary grants.

Corporate Governance

Stakeholder Impact

• Shareholders: Positive impact as executive compensation is tied to performance, aligning management's interests with shareholder value creation.
• Employees: May signal a stable and goal-oriented leadership, potentially fostering a positive work environment.

Next Steps

• The 456,461 performance-based stock units will vest on February 17, 2026, converting into common stock.

Key Dates

Keywords

Garrett Motion Inc., GTX, Olivier Rabiller, Form 4, Insider Transaction, Performance-Based Stock Units, PSUs, Executive Compensation, Stock Award, Beneficial Ownership