Form 4: Garrett Motion Inc. Executive Craig Balis Reports Stock Transaction

Craig Balis, SVP & Chief Technology Officer of Garrett Motion Inc., reports disposition of shares to cover tax obligations from vesting restricted stock units.

Summary

• Craig Balis, a Senior Vice President and Chief Technology Officer at Garrett Motion Inc., filed a Form 4 with the SEC.
• The form reports a transaction that occurred on April 30, 2025.
• Balis disposed of 9,129 shares of common stock at a price of $9.22 per share to cover tax liabilities.
• Following the transaction, Balis directly owns 216,579 shares of Garrett Motion Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that an executive disposed of shares to cover tax obligations, which is a common practice.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.

Key Dates

Keywords

Form 4, Garrett Motion Inc., Craig Balis, Stock Transaction, Beneficial Ownership, SEC Filing, GTX, Restricted Stock Units, Tax Liability