Form 4: Garrett Motion Inc. Executive Fabrice Spenninck Reports Stock Transaction
SEC Form 4 Filing
Fabrice Spenninck, SVP & Chief Human Resources Officer of Garrett Motion Inc., reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On February 17, 2025, Fabrice Spenninck, SVP & Chief Human Resources Officer of Garrett Motion Inc., disposed of 4,781 shares of common stock.
- The shares were withheld by Garrett Motion Inc. for payment of tax liability incurred upon the partial vesting of restricted stock units granted on February 17, 2023.
- The transaction price was $9.2 per share.
- Following the transaction, Spenninck beneficially owns 131,143 shares of Garrett Motion Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock 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.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/17/2023 | Date of grant for restricted stock units that vested partially. |
| 02/17/2025 | Date of stock transaction (disposal of shares for tax liability). |
| 02/19/2025 | Date of signature for the Form 4 filing. |
Keywords
Garrett Motion Inc., Fabrice Spenninck, Form 4, Stock Transaction, Beneficial Ownership, Restricted Stock Units, Tax Liability, GTX
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.