Form 4: Garrett Motion Director Sells Shares Under 10b5-1 Plan

Garrett Motion Director Julia Steyn sold 17,000 shares of common stock for approximately $337,686.60 under a pre-arranged 10b5-1 trading plan.

Summary

• Julia Steyn, a Director of Garrett Motion Inc. (GTX), reported the sale of common stock.
• The transactions occurred on February 24, 2026, under a Rule 10b5-1 trading plan.
• A total of 16,500 shares were sold at a weighted average price of $19.8504 per share, with prices ranging from $19.30 to $20.29.
• An additional 500 shares were sold at a price of $20.31 per share.
• Following these transactions, Julia Steyn beneficially owns 50,233 shares of Garrett Motion Inc. common stock.
• Total holdings were adjusted to correct an inadvertent underreporting of 35 shares in prior reports.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The sale is a routine insider transaction conducted under a pre-arranged 10b5-1 plan, which typically minimizes its interpretative significance regarding company performance or outlook.

Industry Context

StockSavvy.ai notes that insider sales under a Rule 10b5-1 plan are common and typically indicate pre-scheduled divestitures for personal financial planning rather than a reaction to new, non-public information about the company's immediate prospects. Such sales are generally viewed as routine and less indicative of management's sentiment compared to unscheduled open-market sales.

Stakeholder Impact

• Shareholders: A director's sale of shares, even if pre-planned, can sometimes be perceived negatively, though the relatively small size and 10b5-1 plan mitigate significant concern.

Key Dates

Keywords

Garrett Motion, GTX, Insider Trading, Form 4, Stock Sale, Director, 10b5-1 Plan