Form 4: Garrett Motion Inc. CFO Sean Deason Reports Changes in Beneficial Ownership

Sean Deason, SVP & Chief Financial Officer of Garrett Motion Inc., reports changes in beneficial ownership of company stock due to tax liability fulfillment and a grant of restricted stock units.

Summary

• On March 5, 2025, Sean Deason, the SVP & Chief Financial Officer of Garrett Motion Inc., reported changes in his beneficial ownership of the company's common stock.
• 8,380 shares were withheld to cover tax liabilities incurred from the vesting of restricted stock units granted on March 5, 2024, at a price of $9.35 per share.
• Deason was also granted 57,135 restricted stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan.
• These restricted stock units vest in three equal annual installments on the anniversary of the grant date, contingent upon continued service.
• Following these transactions, Deason beneficially owns 322,525 shares of Garrett Motion Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently indicate positive or negative sentiment, but rather reports transactions.

Positives

• The grant of restricted stock units aligns Deason's interests with the long-term performance of Garrett Motion Inc.

Future Outlook

The restricted stock units vest in three equal annual installments on the anniversary of the grant date, subject to continued service.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the alignment of management's interests with shareholders.

Key Dates