Form 4: Garrett Motion Inc. Executive Pierre Barthelet Reports Share Withholding for Tax Liability
SEC Form 4 Filing
Pierre Barthelet, SVP at Garrett Motion Inc., reports the withholding of 3,868 common stock shares to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On April 30, 2024, Pierre Barthelet, SVP of Marketing & Product Management at Garrett Motion Inc., had 3,868 shares of common stock withheld by the company.
- The shares were withheld to cover the tax liability resulting from the partial vesting of restricted stock units granted on May 26, 2021.
- The price per share for the transaction was $9.56.
- Following the transaction, Barthelet directly owns 91,333 shares of Garrett Motion Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices; it doesn't indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a standard procedure related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/26/2021 | Date of grant for the restricted stock units that partially vested. |
| 04/30/2024 | Date of the share withholding transaction. |
| 05/02/2024 | Date of signature for the Form 4 filing. |
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