Form 4: Garrett Motion Inc. Executive Daniel Deiro Reports Changes in Beneficial Ownership

Daniel Deiro, SVP, GCM & GM Japan/Korea at Garrett Motion Inc., reports changes in beneficial ownership of company stock due to tax liability fulfillment and a grant of restricted stock units.

Summary

• On March 5, 2025, Daniel Deiro, an executive at Garrett Motion Inc., reported changes in his beneficial ownership of the company's common stock.
• 4,622 shares were withheld by Garrett Motion Inc. to cover the tax liability incurred upon the partial vesting of restricted stock units granted on March 5, 2024, at a price of $9.35.
• Deiro was also granted 30,112 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 Deiro's continued service.
• Following these transactions, Deiro's direct ownership amounts to 160,041 shares.

Sentiment

Score: 5

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 30,112 restricted stock units to Daniel Deiro indicates the company's continued investment in its executives.

Future Outlook

The restricted stock units vest in three equal annual installments, contingent upon continued service.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity holdings of company insiders.

Key Dates