Form 4: Garrett Motion Inc. Executive Jerome Maironi Reports Stock Transactions

Jerome Maironi, SVP, GC & Corp. Secretary of Garrett Motion Inc., reports the withholding of shares for tax liabilities and the grant of restricted stock units.

Summary

• On March 5, 2025, Jerome Maironi, SVP, GC & Corp. Secretary of Garrett Motion Inc., reported transactions involving Garrett Motion Inc. common stock.
• 6,448 shares were withheld by the company to cover tax liabilities arising from the vesting of restricted stock units.
• Maironi was also granted 42,003 restricted stock units under the company's 2021 Long-term Incentive Plan.
• These restricted stock units vest in three equal annual installments, contingent upon Maironi's continued service.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects standard executive compensation practices and required reporting of transactions.

Positives

• The grant of 42,003 restricted stock units to Jerome Maironi aligns his 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

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices through restricted stock units.

Stakeholder Impact

• The grant of restricted stock units aligns executive interests with shareholder value.

Key Dates