Form 4: Garrett Motion Inc. Director Daniel Ninivaggi Receives Stock Grant

Director Daniel Ninivaggi received a grant of 15,927 restricted stock units from Garrett Motion Inc. on May 29, 2024.

Summary

• Daniel Ninivaggi, a director of Garrett Motion Inc., reported a transaction on May 29, 2024.
• He acquired 15,927 shares of common stock through a grant of restricted stock units.
• The price per share was $0 at the time of the grant.
• Following the transaction, Ninivaggi beneficially owns 95,691 shares of Garrett Motion Inc.
• The restricted stock units vest in full on the earlier of the one-year anniversary of the grant date or the next annual meeting of the Issuer's stockholders, subject to the reporting person's continued service.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (stock grant) which is generally viewed neutrally to positively as it aligns director interests with shareholders. There are no indications of negative sentiment.

Positives

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

Future Outlook

The vesting of the restricted stock units is contingent on continued service, suggesting an expectation of ongoing involvement by the director.

Industry Context

Stock grants to directors are a common practice to incentivize and align their interests with the company's shareholders.

Stakeholder Impact

• The stock grant could have a minor positive impact on shareholder sentiment by aligning director interests with shareholder value.

Key Dates