Form 4: Garrett Motion Inc. Executive Daniel Deiro Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Daniel Deiro, SVP, CM & GM Japan/Korea at Garrett Motion Inc., reports a transaction involving common stock due to tax liability from vesting restricted stock units.
Summary
- On April 30, 2025, Daniel Deiro, an SVP at Garrett Motion Inc., reported a transaction involving the company's common stock.
- The transaction involved the withholding of shares to cover tax liabilities incurred upon the partial vesting of restricted stock units granted on May 26, 2021.
- Specifically, 5,640 shares were withheld at a price of $9.22 per share.
- Following the transaction, Deiro directly owns 154,401 shares of Garrett Motion Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This 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 primarily concerns the executive's tax obligations and stock ownership.
Key Dates
| Date | Description |
|---|---|
| May 26, 2021 | Date of grant for the restricted stock units that partially vested. |
| April 30, 2025 | Date of the reported transaction (share withholding for tax liability). |
| May 02, 2025 | Date of signature on the Form 4 filing. |
Keywords
Garrett Motion Inc., Daniel Deiro, beneficial ownership, Form 4, stock transaction, restricted stock units, tax liability, common stock
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