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

Craig Balis, SVP & Chief Technology Officer of Garrett Motion Inc., reports the withholding of shares for tax liability and the grant of restricted stock units.

Summary

• On March 5, 2025, Craig Balis, SVP & Chief Technology Officer of Garrett Motion Inc., reported transactions involving the company's common stock.
• 6,457 shares were withheld by Garrett Motion Inc. to cover the tax liability incurred upon the partial vesting of restricted stock units at a price of $9.35 per share.
• Balis was also granted 42,065 restricted stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan.
• These restricted stock units vest in three equal annual installments on the anniversary of the grant date, contingent upon continued service.
• Following these transactions, Balis beneficially owns 225,708 shares of Garrett Motion Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects standard executive compensation practices and does not indicate any significant positive or negative developments for the company.

Positives

• The grant of restricted stock units aligns executive compensation with the long-term performance of Garrett Motion Inc.

Future Outlook

The restricted stock units vest in three equal annual installments on the first, second and third anniversary of the grant date, 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 standard compensation practices through stock-based awards.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded companies to align the interests of executives with those of shareholders.
• The vesting schedule of the restricted stock units (three equal annual installments) is a typical arrangement.
• Comparable companies in the automotive technology sector, such as BorgWarner or Aptiv, also utilize stock-based compensation as part of their executive pay packages.

Stakeholder Impact

• Shareholders may view the stock-based compensation as a positive incentive for management to drive long-term value.
• Employees may see the executive compensation structure as fair and aligned with company performance.

Key Dates