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 April 30, 2025, Olivier Rabiller, the President & CEO of Garrett Motion Inc., disposed of 40,905 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 May 26, 2021.
- Following the transaction, Rabiller directly owns 1,112,048 shares of Garrett Motion Inc.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it has a neutral sentiment.
Industry Context
Executive share disposals for tax purposes are a common occurrence and generally don't indicate a change in the executive's confidence in the company.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 05/26/2021 | Date of grant for the restricted stock units that triggered the tax liability. |
| 04/30/2025 | Date of the share disposal transaction. |
| 05/02/2025 | 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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