Form 4: Garrett Motion Inc. CEO Olivier Rabiller Reports Changes in Beneficial Ownership

Olivier Rabiller, President & CEO of Garrett Motion Inc., reports the acquisition and disposal of common stock and restricted stock units.

Summary

• On March 5, 2025, Olivier Rabiller, the President & CEO of Garrett Motion Inc., reported changes in his beneficial ownership of the company's stock.
• He disposed of 29,714 shares of common stock at a price of $9.35 per share to cover tax liabilities related to the vesting of restricted stock units.
• Rabiller also acquired 193,582 restricted stock units under the company's 2021 Long-term Incentive Plan.
• These restricted stock units vest in three equal annual installments starting on the first anniversary of the grant date, contingent upon his continued service.
• Following these transactions, Rabiller beneficially owns 1,152,953 shares of common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.

Positives

• The grant of restricted stock units aligns the CEO's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the CEO.

Future Outlook

The restricted stock units vest in three equal annual installments on the first, second and third anniversary of the grant date, subject to the reporting person's continued service.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the CEO's holdings, which can be of interest to investors.

Stakeholder Impact

• Shareholders may be interested in the CEO's stock transactions as an indicator of management's confidence in the company.
• The vesting schedule of the restricted stock units incentivizes the CEO to remain with the company, which can benefit employees and other stakeholders.

Key Dates