Form 4: Garrett Motion Inc. Executive Craig Balis Reports Stock Transaction
SEC Form 4 Filing
Craig Balis, SVP & Chief Technology Officer of Garrett Motion Inc., reports the disposal of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On February 17, 2025, Craig Balis, SVP & Chief Technology Officer of Garrett Motion Inc., disposed of 6,853 shares of common stock.
- The shares were disposed of to cover tax liabilities incurred upon the partial vesting of restricted stock units granted on February 17, 2023.
- The transaction was executed at a price of $9.2 per share.
- Following the transaction, Balis directly owns 190,100 shares of Garrett Motion Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine stock transaction related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/17/2023 | Date of grant for the restricted stock units that vested partially. |
| 02/17/2025 | Date of the stock transaction (disposal of shares for tax liability). |
| 02/19/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Garrett Motion Inc., Craig Balis, Stock Transaction, Beneficial Ownership, SVP, Chief Technology Officer, GTX
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