Form 4: Garrett Motion Director Receives Stock Units

Daniel A. Ninivaggi, a Director at Garrett Motion Inc., was granted 1,882 deferred stock units as compensation for his services.

Summary

• Daniel A. Ninivaggi, a Director of Garrett Motion Inc. (GTX), received a grant of 1,882 deferred stock units on April 1, 2026.
• These units are in lieu of cash compensation for his role as a non-employee director.
• The deferred stock units vest immediately upon grant.
• Payment will be made in common stock on the earlier of a Change in Control of the Issuer or six months after Ninivaggi ceases to serve on the Board of Directors.
• Following this transaction, Ninivaggi beneficially owns 142,063 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard compensation grant to a director rather than a significant operational or financial event.

Positives

• Director compensation is being provided in the form of equity, aligning director interests with shareholders.
• Immediate vesting of deferred stock units indicates confidence in the company's near-term prospects or a standard compensation practice.
• The reporting person, Daniel A. Ninivaggi, continues to hold a significant number of shares (142,063) after the transaction.

Risks

• The payment of deferred stock units is contingent upon either a Change in Control or the reporting person's departure from the board, introducing potential timing uncertainties for the actual receipt of shares.
• The value of the deferred stock units is subject to the future market price of Garrett Motion Inc. common stock.

Future Outlook

The future outlook for the deferred stock units depends on the occurrence of a Change in Control or the reporting person's tenure on the board, with payment in common stock to follow.

Industry Context

StockSavvy.ai notes that the use of deferred stock units for director compensation is a common practice in the automotive parts and technology sectors, aiming to align executive and director interests with long-term shareholder value.

Stakeholder Impact

• Shareholders: The grant of equity to directors aligns their interests with shareholders, potentially promoting long-term value creation. The actual impact depends on the future performance of GTX stock.
• Employees: This filing does not directly impact employees, but it reflects the company's compensation structure for its board members.
• Creditors: No direct impact on creditors is indicated by this filing.

Next Steps

• Payment of deferred stock units in common stock upon the earlier of a Change in Control or six months after cessation of service as a director.

Key Dates

Keywords

Garrett Motion Inc., GTX, Form 4, Director Compensation, Deferred Stock Units, Equity Grant, Beneficial Ownership, SEC Filing