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 the withholding of shares for tax liability upon vesting of restricted stock units.
Summary
- On April 30, 2024, Fabrice Spenninck, SVP & Chief Human Resources Officer of Garrett Motion Inc., had shares withheld to cover tax obligations.
- A total of 5,377 shares of common stock were withheld at a price of $9.56 per share.
- Following the transaction, Spenninck directly owns 135,924 shares of Garrett Motion Inc.
- The transaction was related to the vesting of restricted stock units granted on May 26, 2021.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an executive's stock transaction, which is neutral in sentiment.
Industry Context
This is a routine filing related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine executive compensation matter.
Key Dates
| Date | Description |
|---|---|
| 05/26/2021 | Date of grant for the restricted stock units |
| 04/30/2024 | Date of the stock transaction (shares withheld for tax liability) |
| 05/02/2024 | Date of signature for the Form 4 filing |
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