Form 4: Garrett Motion Inc. Director Joachim Drees Acquires 15,927 Shares of Common Stock

Director Joachim Drees acquired 15,927 shares of Garrett Motion Inc. common stock through a grant of restricted stock units.

Summary

• On May 29, 2024, Joachim Drees, a director of Garrett Motion Inc., acquired 15,927 shares of common stock.
• The acquisition was a grant of restricted stock units under the company's 2021 Long-term Incentive Plan.
• 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: 6

Explanation: Neutral sentiment as it reflects a standard transaction (stock grant) for a company director. It doesn't inherently indicate positive or negative performance.

Positives

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

Future Outlook

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.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of shares by a director can signal confidence in the company's future prospects to shareholders.

Key Dates