Form 4: Garrett Motion Inc. Director Paul A. Camuti Reports Changes in Beneficial Ownership

Director Paul A. Camuti reports acquisition of 15,927 shares of Garrett Motion Inc. common stock through a restricted stock unit grant and disposal of 20,197 shares.

Summary

• On May 29, 2024, Paul A. Camuti, a director of Garrett Motion Inc., reported changes in beneficial ownership of the company's stock.
• Camuti acquired 15,927 shares of common stock through a grant of restricted stock units (RSUs) under the company's 2021 Long-term Incentive Plan.
• The price of the acquired shares was $0.
• Camuti disposed of 20,197 shares.
• Following these transactions, Camuti directly owns 20,197 shares of Garrett Motion Inc. common stock.
• The RSUs 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 continued service.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or 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 upon the director's continued service with the company.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies.

Stakeholder Impact

• The transaction may have a minor impact on shareholders as it reflects insider activity, but the overall impact is likely minimal.

Key Dates