Form 4: Garrett Motion Executive Reports Stock Withholding
Statement of Changes in Beneficial Ownership
SVP & Chief Human Resources Officer Fabrice Spenninck reported the withholding of 5,378 shares to cover tax obligations.
Summary
- Fabrice Spenninck, SVP & Chief Human Resources Officer at Garrett Motion Inc., disposed of 5,378 shares of common stock.
- The transaction occurred on April 30, 2026, at a price of $25.61 per share.
- The disposal was a mandatory tax withholding event related to the partial vesting of restricted stock units granted on May 26, 2021.
- Following this transaction, the reporting person maintains a direct beneficial ownership of 154,360 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as it is a routine regulatory disclosure regarding tax obligations rather than a discretionary sale of stock.
Positives
- The transaction reflects the vesting of long-term equity incentives, aligning executive compensation with shareholder interests.
Negatives
- The transaction resulted in a reduction of the executive's direct shareholding in the company.
Risks
- None identified; this is a routine administrative tax withholding event.
Future Outlook
No forward-looking guidance provided in this filing.
Management Comments
- The filing notes that the transaction represents shares withheld by Garrett Motion Inc. for payment of the tax liability incurred upon the partial vesting of restricted stock units.
Industry Context
StockSavvy.ai notes that this is a standard administrative filing for executive compensation and does not indicate a change in management sentiment or strategic direction.
Comparison to Industry Standards
- The practice of withholding shares to cover tax liabilities upon RSU vesting is a standard corporate governance procedure across the automotive and industrial sectors.
Stakeholder Impact
- Minimal impact on shareholders as the transaction is a standard tax-related equity settlement.
Next Steps
- None indicated.
Key Dates
| Date | Description |
|---|---|
| 05/26/2021 | Original grant date of restricted stock units. |
| 04/30/2026 | Date of the reported transaction involving share withholding. |
| 05/04/2026 | Date the Form 4 was signed and filed. |
Keywords
Garrett Motion, GTX, Insider Trading, Form 4, Equity Compensation, Tax Withholding
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