Form 4: Garrett Motion Inc. CEO Olivier Rabiller Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Olivier Rabiller, President & CEO of Garrett Motion Inc., disposed of shares to cover tax liabilities arising from the vesting of restricted stock units.
Summary
- On February 17, 2025, Olivier Rabiller, the President & CEO of Garrett Motion Inc., disposed of 27,554 shares of common stock to cover tax obligations.
- The shares were withheld by Garrett Motion Inc. for payment of the tax liability incurred upon the partial vesting of restricted stock units granted on February 17, 2023.
- Following the transaction, Rabiller directly owns 989,085 shares of Garrett Motion Inc.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and share ownership.
Key Dates
| Date | Description |
|---|---|
| February 17, 2023 | Date of grant for the restricted stock units that triggered the tax liability. |
| February 17, 2025 | Date of the share disposal to cover tax obligations. |
| February 19, 2025 | Date of signature for the Form 4 filing. |
Keywords
Garrett Motion Inc., Olivier Rabiller, Form 4, Share Disposal, Tax Liability, Restricted Stock Units, GTX, Beneficial Ownership
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