Form 4: Garrett Motion Inc. Executive Mabru Thierry Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
SVP of Integrated Supply Chain at Garrett Motion Inc., Thierry Mabru, reports disposing of shares to cover tax liabilities from vested restricted stock units.
Summary
- On April 30, 2024, Thierry Mabru, SVP of Integrated Supply Chain at Garrett Motion Inc., disposed of 7,394 shares of common stock to cover tax obligations.
- 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 transaction was executed at a price of $9.56 per share.
- Following the transaction, Mabru directly owns 190,509 shares of Garrett Motion Inc. common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction related to tax obligations.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is related to tax obligations arising from vested equity compensation, a common practice.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 05/26/2021 | Date of grant for the restricted stock units that triggered the tax liability. |
| 04/30/2024 | Date of the stock disposal transaction. |
| 05/02/2024 | Date of the report filing. |
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