Form 4: Garrett Motion Inc. Executive Daniel Deiro Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Daniel Deiro, SVP, GCM & GM Japan/Korea at Garrett Motion Inc., reported disposing of shares to cover tax liabilities arising from vesting restricted stock units.
Summary
- On February 17, 2025, Daniel Deiro, an officer of Garrett Motion Inc., disposed of 4,882 shares of common stock to cover tax obligations.
- The shares were disposed of at a price of $9.2.
- Following the transaction, Deiro directly owns 134,551 shares of Garrett Motion Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions. It provides transparency into the trading activities of company executives, which is important for maintaining investor confidence.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/17/2023 | Date of grant for the restricted stock units that triggered the tax liability. |
| 02/17/2025 | Date of the transaction (stock disposal to cover tax liability). |
| 02/19/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Garrett Motion Inc., GTX, Daniel Deiro, Insider Trading, Stock Disposal, Tax Liability, Restricted Stock Units
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