Form 4: Garrett Motion Inc. Director Acquires Shares Through Deferred Stock Units

Director Daun Norman acquired 1,651 shares of Garrett Motion Inc. common stock through a grant of deferred stock units, bringing his total holdings to 73,769 shares.

Summary

• On October 1, 2024, Daun Norman, a director of Garrett Motion Inc., acquired 1,651 shares of common stock.
• The acquisition was through a grant of deferred stock units under the company's 2021 Long-term Incentive Plan.
• The deferred stock units vest immediately and are payable as common stock upon a change in control of the issuer or six months after the director's service on the board ends.
• Following the transaction, Norman directly owns 73,769 shares of Garrett Motion Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it simply reports a transaction. The acquisition of shares by a director is generally viewed as a positive, but it's a routine filing.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Future Outlook

The deferred stock units are payable as common stock upon a change in control of the issuer or six months after the director's service on the board ends, which could impact future share dilution.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.

Stakeholder Impact

• The transaction could have a minor impact on shareholders due to potential future dilution when the deferred stock units are converted to common stock.

Key Dates