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

Joanne Lau, VP, CAO and Controller of Garrett Motion Inc., reported the disposal of common stock to cover tax liabilities arising from the vesting of restricted stock units and performance-based stock units.

Summary

• On March 3, 2025, Joanne Lau, VP, CAO and Controller of Garrett Motion Inc., disposed of 409 shares of common stock at $9.64 per share to cover tax liabilities from vesting restricted stock units.
• On the same day, Lau also disposed of 944 shares of common stock at $9.64 per share to cover tax liabilities from vesting performance-based stock units.
• Following these transactions, Lau directly owns 106,356 shares of Garrett Motion Inc. common stock.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing stock disposals for tax purposes, which is a neutral event. It doesn't indicate positive or negative sentiment regarding the company's performance.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership. It is standard practice for executives to dispose of shares to cover tax obligations arising from the vesting of stock awards.

Comparison to Industry Standards

• Form 4 filings are standard practice across publicly traded companies, including competitors like BorgWarner and Dana Incorporated, where executives routinely report similar transactions related to stock options and restricted stock units.
• The disposal of shares to cover tax liabilities upon vesting is a common occurrence in executive compensation packages across various industries, aligning with standard practices observed in companies such as Aptiv and Magna International.

Stakeholder Impact

• The stock disposal has a minimal impact on shareholders as it is related to tax obligations and does not indicate a change in the executive's long-term outlook on the company.

Key Dates