Form 4: Garrett Motion Inc. Director Joachim Drees Reports Acquisition of Deferred Stock Units

Director Joachim Drees acquired 3,631 shares of Garrett Motion Inc. common stock in the form of deferred stock units on April 1, 2025.

Summary

• On April 1, 2025, Joachim Drees, a director of Garrett Motion Inc., acquired 3,631 shares of common stock in the form of deferred stock units.
• These deferred stock units were granted under the company's 2021 Long-term Incentive Plan as compensation for service as a non-employee director.
• The units vest immediately but are payable as common stock either upon a change in control of the issuer or six months after Drees ceases to serve on the Board of Directors.
• Following the transaction, Drees directly owns 22,855 shares of Garrett Motion Inc. common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to slightly positive as it aligns director interests with shareholders.

Positives

• The grant of deferred stock units aligns the director's interests with those of the shareholders.
• Immediate vesting of the units provides an incentive for continued service.

Future Outlook

The deferred stock units will be payable as common stock upon a change in control of the issuer or six months after the reporting person's cessation of service on the Board of Directors.

Industry Context

This filing is a routine disclosure related to director compensation and is typical for publicly traded companies.

Stakeholder Impact

• Shareholders may view the grant of deferred stock units as a positive sign, aligning the director's interests with their own.

Key Dates

Keywords

Garrett Motion Inc., Director, Joachim Drees, Deferred Stock Units, Form 4, Beneficial Ownership, GTX, Long-term Incentive Plan