Form 4: Garrett Motion Inc. Executive Jerome Maironi Reports Acquisition of Restricted Stock Units

Jerome Maironi, SVP, GC & Corp. Secretary of Garrett Motion Inc., reports the acquisition of 42,981 restricted stock units.

Summary

• On March 5, 2024, Jerome Maironi, SVP, GC & Corp. Secretary of Garrett Motion Inc., acquired 42,981 shares of Common Stock.
• These shares were acquired through a grant of restricted stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan at a price of $0.
• Following the transaction, Maironi directly owns 218,234 shares of Garrett Motion Inc.
• The restricted stock units vest in three equal annual installments on the first, second, and third anniversary of the grant date, contingent upon continued service.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a standard disclosure of insider transactions.

Positives

• The grant of restricted stock units aligns Maironi's interests with the long-term performance of Garrett Motion Inc.

Future Outlook

The restricted stock units vest in three equal annual installments on the first, second and third anniversary of the grant date, subject to the reporting person's continued service.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the ownership structure and alignment of management's interests with shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns management's interests with the company's long-term performance.

Key Dates