Form 4: Garrett Motion Executive Pierre Barthelet Retires, Discloses Stock Transactions

Former Senior Vice President Pierre Barthelet of Garrett Motion Inc. has retired, leading to the forfeiture of restricted stock units and the withholding of shares for tax purposes.

Summary

• Pierre Barthelet, formerly the Senior Vice President of Strategy, Business Development & Advanced Technology at Garrett Motion Inc. (GTX), has retired from the company.
• On May 31, 2025, 19,282 shares of Garrett Motion Inc. Common Stock were withheld by the company at a price of $10.6 per share. This action was taken to cover tax liabilities incurred upon the vesting of restricted stock units (RSUs).
• The RSUs that vested and led to the tax withholding were granted on May 26, 2021, February 17, 2023, March 5, 2024, and March 5, 2025.
• As a direct consequence of his retirement, Mr. Barthelet also forfeited an aggregate of 30,033 unvested restricted stock units.
• Following these reported transactions, Mr. Barthelet's beneficial ownership of Garrett Motion Inc. Common Stock stands at 58,786 shares.

Sentiment

Score: 5

Explanation: The document reports standard stock transactions (tax withholding and RSU forfeiture) associated with a senior executive's retirement. While the departure of an SVP could be viewed as a minor negative, the transactions themselves are routine for such an event and do not indicate any operational issues or significant strategic shifts for the company.

Positives

• The withholding of shares for tax liability is a standard and expected procedure upon the vesting of equity awards, indicating the successful realization of some restricted stock units for the executive.

Negatives

• The forfeiture of 30,033 restricted stock units (RSUs) represents a loss of potential future equity value for the retiring executive.
• The retirement of a Senior Vice President could potentially lead to a loss of experienced leadership and institutional knowledge, depending on the company's succession planning.

Risks

• The document, being a Form 4, primarily details an executive's stock transactions and does not outline broader company-specific operational or financial risks. The forfeiture of RSUs is a personal financial impact for the executive due to retirement, not a direct company risk.

Future Outlook

The document, a Form 4, does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• "Represents shares withheld by Garrett Motion Inc. (the 'Issuer') for payment of the tax liability incurred upon the vesting of restricted stock units ('RSUs') granted on May 26, 2021, February 17, 2023, March 5, 2024, and March 5, 2025, as a result of the reporting person's retirement from the Issuer."
• "Reflects the forfeiture of an aggregate of 30,033 RSUs as a result of the reporting person's retirement from the Issuer."
• Pierre Barthelet's former role is noted as "Former SVP, Strat, Bus Dev & Adv Tech".

Industry Context

This Form 4 filing details an individual executive's stock transactions related to retirement and does not provide information relevant to broader industry trends or competitive landscape analysis.

Management Changes

Corporate Governance

Stakeholder Impact

• Shareholders: The retirement of a senior executive could raise questions about succession planning and continuity of strategic direction, though the direct stock transactions are routine.
• Employees: The departure of a senior leader might impact morale or team structure within the affected departments.

Next Steps

• The document does not explicitly state future actions or milestones for the company, beyond the completion of this specific transaction.

Key Dates

Keywords

Garrett Motion Inc., GTX, SEC Form 4, Insider Trading, Stock Transaction, Restricted Stock Units, RSU Forfeiture, Executive Retirement, Pierre Barthelet, Tax Withholding, Beneficial Ownership