Form 4: Garrett Motion CEO Olivier Rabiller Executes Tax Withhold
Statement of Changes in Beneficial Ownership
Garrett Motion Inc. CEO Olivier Rabiller reported the withholding of 40,907 shares to cover tax liabilities from vested RSUs.
Summary
- CEO Olivier Rabiller disposed of 40,907 shares of Garrett Motion Inc. (GTX) common stock.
- The transaction occurred on April 30, 2026, at a price of $25.61 per share.
- The disposal was a mandatory tax withholding event related to the partial vesting of restricted stock units (RSUs) granted on May 26, 2021.
- Following this transaction, the CEO maintains a beneficial ownership of 918,835 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine tax settlement rather than a market-driven trade.
Positives
- The transaction is a routine administrative event related to tax obligations rather than a discretionary sale of equity.
- The CEO retains a significant equity stake of 918,835 shares, aligning interests with shareholders.
Negatives
- The transaction results in a reduction of the CEO's direct share ownership.
Risks
- None identified; this is a standard tax-related transaction.
Future Outlook
No forward-looking guidance or strategic outlook was provided in this regulatory filing.
Industry Context
StockSavvy.ai notes that tax-related share withholding is a standard corporate governance practice for executives and does not typically signal a change in management sentiment regarding company performance.
Comparison to Industry Standards
- The transaction follows standard SEC reporting requirements for executive compensation and tax settlement.
- The practice of withholding shares to cover tax liabilities is consistent with common executive compensation structures in the automotive technology sector.
Stakeholder Impact
- Minimal impact on shareholders as the transaction is a non-discretionary tax settlement.
Next Steps
- No future actions or milestones were disclosed in this filing.
Key Dates
| Date | Description |
|---|---|
| 05/26/2021 | Original grant date of the restricted stock units. |
| 04/30/2026 | Date of the transaction involving the withholding of shares. |
| 05/04/2026 | Date of filing the Form 4 with the SEC. |
Keywords
Garrett Motion, GTX, Insider Trading, Form 4, Olivier Rabiller, Tax Withholding
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