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 withholding of shares for tax liability upon vesting of restricted stock units.
Summary
- On April 30, 2024, Craig Balis, SVP & Chief Technology Officer of Garrett Motion Inc., had 9,129 shares of common stock withheld by the company to cover tax liabilities.
- This transaction occurred due to the partial vesting of restricted stock units granted on May 26, 2021.
- Following the transaction, Balis directly owns 196,953 shares of Garrett Motion Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on a standard stock transaction related to executive compensation.
Industry Context
This is a routine filing related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/26/2021 | Date of grant for the restricted stock units that partially vested. |
| 04/30/2024 | Date of the stock transaction where shares were withheld for tax liability. |
| 05/02/2024 | Date of signature on the Form 4 filing. |
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