Form 4: Garrett Motion Inc. Executive Pierre Barthelet Reports Changes in Beneficial Ownership

Pierre Barthelet, SVP at Garrett Motion Inc., reports acquisition of restricted stock units and changes in beneficial ownership.

Summary

• Pierre Barthelet, a Senior Vice President at Garrett Motion Inc., filed a Form 4 with the SEC.
• The filing reports a transaction on March 5, 2024, involving common stock.
• Barthelet acquired 30,495 shares of common stock through a grant of restricted stock units (RSUs) at a price of $0.
• These RSUs vest in three equal annual installments, contingent upon continued service.
• Following the reported transaction, Barthelet beneficially owns 95,201 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing reflecting executive compensation and ownership changes. The grant of RSUs can be seen as a positive sign of alignment between management and shareholders.

Positives

• The acquisition of restricted stock units suggests confidence in the company's future performance.

Future Outlook

The vesting schedule of the restricted stock units is tied to continued service, incentivizing the reporting person to remain with the company.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in company stock. This filing indicates executive compensation practices at Garrett Motion Inc.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive incentive for the executive to remain with the company and drive performance.

Key Dates