Form 4: Garrett Motion Inc. Executive Receives Stock Grant

Daniel Deiro, SVP, GCM & GM Japan/Korea at Garrett Motion Inc., reports receiving a grant of 30,813 restricted stock units.

Summary

• Daniel Deiro, an executive at Garrett Motion Inc., filed a Form 4 disclosing a transaction.
• On March 5, 2024, Deiro acquired 30,813 shares of Common Stock through a grant.
• These shares were granted as restricted stock units under the company's 2021 Long-term Incentive Plan.
• The restricted stock units vest in three equal annual installments, contingent upon Deiro's continued service.
• Following the reported transaction, Deiro beneficially owns 145,073 shares of Garrett Motion Inc. Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation event, which is generally viewed neutrally to positively as it incentivizes management.

Positives

• The grant of restricted stock units aligns the executive's interests with those of the shareholders.
• The vesting schedule incentivizes continued service and commitment to the company.

Future Outlook

The vesting of the restricted stock units is contingent upon the reporting person's continued service.

Industry Context

Stock grants are a common form of executive compensation in publicly traded companies, aligning management's interests with shareholder value.

Key Dates