Form 4: Garrett Motion Inc. Executive Joanne Lau Reports Stock Disposal for Tax Obligations

Joanne Lau, VP, CAO and Controller of Garrett Motion Inc., disposed of 1,023 shares of common stock on November 1, 2024, to cover tax liabilities from vesting restricted stock units.

Summary

• On November 1, 2024, Joanne Lau, VP, CAO and Controller of Garrett Motion Inc., disposed of 1,023 shares of common stock.
• The transaction was executed to cover tax obligations arising from the partial vesting of restricted stock units granted on November 1, 2021.
• The shares were disposed of at a price of $7.55 per share.
• Following the transaction, Lau beneficially owns 90,411 shares of Garrett Motion Inc. common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are routine disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and can be monitored by investors for insights into management's perspective on the company's value and prospects. In this case, the disposal of shares is related to tax obligations, which is a common occurrence.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small disposal of shares by an executive to cover tax liabilities.

Key Dates