Form 4: Garrett Motion Inc. Director Daniel A. Ninivaggi Reports Acquisition and Disposal of Common Stock

Director Daniel A. Ninivaggi reports acquisition of 4,722 shares of Garrett Motion Inc. common stock through deferred stock units and disposal of 104,909 shares.

Summary

• On October 1, 2024, Daniel A. Ninivaggi, a director of Garrett Motion Inc., acquired 4,722 shares of common stock.
• These shares were obtained 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 cessation of service on the Board of Directors.
• The director also disposed of 104,909 shares on the same day.
• Following these transactions, Ninivaggi beneficially owns 104,909 shares of Garrett Motion Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company director. The acquisition of shares through deferred stock units is mildly positive, while the disposal of shares is mildly negative. Overall, the sentiment is neutral.

Positives

• The grant of deferred stock units aligns the director's interests with the long-term performance of the company.

Negatives

• The disposal of 104,909 shares by the director could be interpreted negatively by the market.

Risks

• The timing of the deferred stock unit payout is contingent on a change in control or cessation of service, which introduces uncertainty.

Future Outlook

The deferred stock units are payable upon a change in control of the issuer or six months after cessation of service on the Board of Directors.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions may influence investor perception of the company's stock.

Key Dates