Form 4: Garrett Motion CFO Sean Deason Reports Stock Withholding
Statement of Changes in Beneficial Ownership
Garrett Motion Inc. CFO Sean Deason reported the withholding of 14,951 shares to cover tax obligations related to restricted stock unit vesting.
Summary
- Sean Deason, SVP & Chief Financial Officer of Garrett Motion Inc., executed a transaction on April 30, 2026.
- The transaction involved the withholding of 14,951 shares of common stock.
- The shares were withheld at a price of $25.61 per share.
- The withholding was conducted to satisfy tax liabilities associated with the partial vesting of restricted stock units (RSUs) originally granted on May 26, 2021.
- Following this transaction, the reporting person maintains beneficial ownership of 371,909 shares of common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative event, as it is a routine tax-related transaction rather than a discretionary sale of stock.
Positives
- The transaction reflects the vesting of long-term equity compensation, aligning executive interests with shareholder value.
Negatives
- None identified; this is a routine administrative transaction related to tax obligations.
Risks
- None identified; this is a standard tax-related share withholding event.
Future Outlook
No forward-looking guidance or strategic outlook provided in this filing.
Management Comments
- The filing notes that the transaction represents shares withheld by Garrett Motion Inc. for payment of the tax liability incurred upon the partial vesting of restricted stock units.
Industry Context
StockSavvy.ai notes that this is a standard regulatory disclosure for executive equity compensation and does not indicate a change in corporate strategy or market sentiment.
Comparison to Industry Standards
- The transaction follows standard corporate governance practices for handling tax withholding on equity vestings.
- The reporting of such transactions is consistent with SEC requirements for Section 16 reporting persons.
Stakeholder Impact
- Minimal impact on shareholders as the transaction is a standard tax settlement for executive compensation.
Next Steps
- None mentioned.
Key Dates
| Date | Description |
|---|---|
| 05/26/2021 | Original grant date of the restricted stock units. |
| 04/30/2026 | Date of the reported transaction involving share withholding. |
| 05/04/2026 | Date of filing for the Form 4. |
Keywords
Garrett Motion, GTX, Form 4, Insider Trading, Executive Compensation, Sean Deason
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