Form 4: Garrett Motion Inc. Director Receives Deferred Stock Units

Director Daniel A. Ninivaggi acquired 3,855 shares of Garrett Motion Inc. common stock in the form of deferred stock units on April 1, 2024.

Summary

• On April 1, 2024, Daniel A. Ninivaggi, a director of Garrett Motion Inc., acquired 3,855 shares of common stock in the form of deferred stock units.
• The deferred stock units were granted under the company's 2021 Long-term Incentive Plan.
• These units vest immediately but are payable as common stock either upon a change in control of the issuer or six months after the director's service on the board ends.
• Following the transaction, Ninivaggi beneficially owns 79,764 shares of Garrett Motion Inc. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard compensation practice that aligns director interests with the company's long-term performance.

Positives

• The grant of deferred stock units aligns the director's interests with the long-term performance of the company.
• Immediate vesting of the units provides an incentive for continued service on the board.

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 director's cessation of service on the Board of Directors.

Industry Context

This filing is a routine disclosure of a director's stock ownership and is typical for publicly traded companies. It reflects part of the company's compensation strategy to align director interests with shareholder value.

Stakeholder Impact

• Shareholders may view the grant of deferred stock units as a positive sign, aligning the director's interests with the company's performance.
• Employees may see this as a standard part of executive compensation.

Key Dates