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

Director Daun Norman acquired 1,348 shares of Garrett Motion Inc. through a grant of deferred stock units, bringing his total holdings to 54,619 shares.

Summary

• On April 1, 2024, Daun Norman, a director of Garrett Motion Inc., acquired 1,348 shares of common stock.
• The acquisition was a grant of deferred stock units under the company's 2021 Long-term Incentive Plan.
• These 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 54,619 shares of Garrett Motion Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock ownership, with a slightly positive undertone due to the director increasing their holdings.

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 on the earlier to occur of (i) a Change in Control of the Issuer (as defined in the Plan) or (ii) the six-month anniversary of the reporting person's cessation of service on the Board of Directors.

Industry Context

This filing is a routine disclosure of a director's stock ownership changes, which is common in publicly traded companies. It provides transparency to investors about the holdings of company insiders.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it indicates a director's investment in the company.

Key Dates