Form 4: Garrett Motion Inc. Executive Fabrice Spenninck Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Fabrice Spenninck, SVP & Chief Human Resources Officer of Garrett Motion Inc., reports the withholding of shares for tax liability upon vesting of restricted stock units.
Summary
- On April 30, 2025, Fabrice Spenninck, SVP & Chief Human Resources Officer of Garrett Motion Inc., reported a transaction involving common stock.
- The transaction involved the withholding of 5,377 shares of common stock at a price of $9.22 per share.
- These shares were withheld by Garrett Motion Inc. for payment of the tax liability incurred upon the partial vesting of restricted stock units granted on May 26, 2021.
- Following the transaction, Spenninck beneficially owns 151,464 shares of Garrett Motion Inc. common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction related to executive compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard process of withholding shares to cover tax obligations related to equity compensation.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/26/2021 | Date of grant for the restricted stock units that triggered the tax liability. |
| 04/30/2025 | Date of the transaction (withholding of shares). |
| 05/02/2025 | Date of signature on the Form 4 filing. |
Keywords
Garrett Motion Inc., Fabrice Spenninck, beneficial ownership, Form 4, restricted stock units, tax liability, common stock, securities
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