Form 4: Garrett Motion Inc. Executive Jerome Maironi Reports Stock Transaction
SEC Form 4 Filing
Jerome Maironi, SVP, GC & Corp. Secretary of Garrett Motion Inc., reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On April 30, 2024, Jerome Maironi, SVP, GC & Corp. Secretary of Garrett Motion Inc., reported a transaction involving the disposition of 9,705 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 May 26, 2021.
- The price per share was $9.56.
- Following the transaction, Maironi beneficially owns 208,529 shares of Garrett Motion Inc. common stock directly.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations on vested stock, so it's neutral in sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations arising from vested stock, a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 05/26/2021 | Date of grant for restricted stock units that vested partially. |
| 04/30/2024 | Date of the stock transaction (disposition of shares). |
| 05/02/2024 | Date of signature on the Form 4 filing. |
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