Form 4: Garrett Motion Director Joachim Drees Acquires 3,297 Shares Through Deferred Stock Units

Director Joachim Drees of Garrett Motion Inc. acquired 3,297 shares of common stock through a grant of deferred stock units.

Summary

• Joachim Drees, a director at Garrett Motion Inc., acquired 3,297 shares of common stock on January 2, 2025.
• The acquisition was in the form of deferred stock units granted under the company's 2021 Long-term Incentive Plan.
• These units were granted in lieu of cash compensation for his service as a non-employee director.
• The deferred stock units vest immediately upon grant but are payable as common stock at a later date.
• The payment will occur either upon a change in control of the company or six months after Drees ceases to be a director.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of stock grants to a director, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The use of deferred stock units aligns the director's interests with those of the shareholders.

Future Outlook

The deferred stock units will be converted to common stock upon a change in control of the company or six months after the director ceases to serve on the board.

Industry Context

This type of stock grant is a common practice for compensating non-employee directors, aligning their interests with the long-term performance of the company.

Comparison to Industry Standards

• Many companies use deferred stock units as part of their compensation packages for non-employee directors.
• This practice is common among publicly traded companies to align director interests with shareholder value.
• The vesting and payment terms are typical, with payouts often tied to change of control or departure from the board.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's long-term performance.

Key Dates

Keywords

Garrett Motion Inc., Joachim Drees, Director, Deferred Stock Units, Share Acquisition, Long-term Incentive Plan, Stock Grant