Form 4: Garrett Motion Inc. Director Steyn Julia Reports Changes in Beneficial Ownership

Director Julia Steyn reports acquisition of 15,927 shares of Garrett Motion Inc. stock through a restricted stock unit grant.

Summary

• On May 29, 2024, Julia Steyn, a director of Garrett Motion Inc., reported a transaction involving the company's common stock.
• Steyn acquired 15,927 shares of common stock through a grant of restricted stock units at a price of $0.
• Following the transaction, Steyn directly owns 67,781 shares of Garrett Motion Inc.
• 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's a standard Form 4 filing indicating a director's acquisition of shares through a grant. It doesn't inherently suggest positive or negative performance.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

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 a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's acquisition of company stock, which is a common occurrence.

Stakeholder Impact

• The acquisition of shares by a director could positively influence shareholder sentiment.

Key Dates