Form 4: Garrett Motion Director Julia Steyn Receives Restricted Stock Unit Grant

Garrett Motion Inc. director Julia Steyn was granted 13,417 restricted stock units, increasing her beneficial ownership to 67,198 shares, as part of the company's 2021 Long-term Incentive Plan.

Summary

• Julia Steyn, a Director of Garrett Motion Inc. (GTX), acquired 13,417 shares of common stock on May 22, 2025.
• This acquisition represents a grant of restricted stock units (RSUs) under the Garrett Motion Inc. 2021 Long-term Incentive Plan.
• Following this transaction, Julia Steyn beneficially owns a total of 67,198 shares of common stock directly.
• The granted RSUs are set to 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, contingent on continued service.

Sentiment

Score: 6

Explanation: The grant of restricted stock units to a director is a standard compensation practice that aligns the director's interests with shareholders, which is generally viewed as a neutral to slightly positive event for corporate governance and long-term alignment, rather than a direct financial performance indicator.

Positives

• The grant of restricted stock units to a director aligns the director's interests with those of shareholders, as the value of the units is tied to the company's stock performance.
• The vesting schedule, tied to continued service, incentivizes long-term commitment from the director.

Future Outlook

NA

Management Comments

• "Represents a grant of restricted stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan. The restricted stock units 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, subject to the reporting person's continued service and in connection with certain separations from service."
• "/s/ Julia Steyn, by Patrick Foley as attorney-in-fact"

Industry Context

This filing details an individual insider transaction, specifically a grant of equity compensation to a director. Such grants are a common practice across industries to align management and board interests with shareholder value, particularly within publicly traded companies. It does not provide broader industry trends or competitive analysis.

Comparison to Industry Standards

• The grant of restricted stock units as part of a long-term incentive plan is a standard practice for compensating directors and executives in publicly traded companies across various sectors.
• The specific number of units (13,417) and the vesting schedule (one-year anniversary or next annual meeting, subject to continued service) are typical for non-employee director compensation, aiming to retain talent and align interests.
• No specific comparable companies or projects are mentioned in the document to allow for a detailed comparison.

Corporate Governance

Related Party Transactions

• The grant of restricted stock units to Julia Steyn, a director of Garrett Motion Inc., constitutes a related party transaction as it involves compensation provided by the company to a member of its board.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's interests with shareholders by tying a portion of her compensation to the company's stock performance. It also represents a minor dilution if new shares are issued upon vesting, or a use of treasury shares.
• Employees: No direct impact on general employees is indicated.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated.

Next Steps

• The restricted stock units are expected to vest on the earlier of the one-year anniversary of the grant date (May 22, 2026) or the next annual meeting of Garrett Motion Inc. stockholders.

Key Dates

Recommendation

Keywords

Garrett Motion Inc., GTX, Form 4, Restricted Stock Units, RSU Grant, Director Compensation, Insider Transaction, Equity Incentive Plan, Julia Steyn