Form 4: Garrett Motion Inc. Executive Jerome Maironi Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Jerome Maironi, SVP, GC & Corp. Secretary of Garrett Motion Inc., disposed of 6,843 shares of common stock on February 17, 2025, to cover tax liabilities from vesting restricted stock units.
Summary
- On February 17, 2025, Jerome Maironi, SVP, GC & Corp. Secretary of Garrett Motion Inc., disposed of 6,843 shares of common stock.
- The transaction was executed to cover tax obligations arising from the partial vesting of restricted stock units granted on February 17, 2023.
- The shares were disposed of at a price of $9.2 per share.
- Following the transaction, Maironi directly owns 201,686 shares of Garrett Motion Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| February 17, 2023 | Date of grant for the restricted stock units that triggered the tax liability. |
| February 17, 2025 | Date of the stock disposal to cover tax obligations. |
| February 19, 2025 | Date of signature on the Form 4 filing. |
Keywords
Garrett Motion Inc., Jerome Maironi, Form 4, Stock Disposal, Tax Liability, Restricted Stock Units, Beneficial Ownership, GTX
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