Form 4: Garrett Motion Inc. Executive Pierre Barthelet Reports Stock Transactions

Pierre Barthelet, SVP at Garrett Motion Inc., reports the withholding of shares for tax liabilities and the grant of restricted stock units.

Summary

• On March 5, 2025, Pierre Barthelet, SVP at Garrett Motion Inc., reported transactions involving Garrett Motion Inc. common stock.
• 4,880 shares were withheld by the company for payment of tax liability at a price of $9.35 per share.
• Barthelet was also granted 29,801 restricted stock units under the company's 2021 Long-term Incentive Plan.
• These restricted stock units vest in three equal annual installments starting on March 5, 2025, contingent upon continued service.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment, but rather reflects standard corporate practices.

Positives

• The grant of 29,801 restricted stock units to Pierre Barthelet indicates the company's commitment to incentivizing its executives.

Future Outlook

The restricted stock units vest in three equal annual installments on the first, second and third anniversary of the grant date, subject to the reporting person's continued service.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard equity compensation practices.

Comparison to Industry Standards

• Equity compensation is a common practice among publicly traded companies to align the interests of executives with those of shareholders.
• The vesting schedule of the restricted stock units (three equal annual installments) is a typical arrangement.
• Companies like BorgWarner and Honeywell, which operate in similar industries, also utilize equity compensation as part of their executive compensation packages.

Stakeholder Impact

• The grant of restricted stock units aligns the executive's interests with those of the shareholders, incentivizing long-term value creation.

Key Dates