Form 4: Garrett Motion Inc. Executive Sean Deason Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Sean Deason, SVP & Chief Financial Officer of Garrett Motion Inc., disposed of 8,367 shares to cover tax liabilities from vesting restricted stock units.
Summary
- On February 17, 2025, Sean Deason, the SVP & Chief Financial Officer of Garrett Motion Inc., disposed of 8,367 shares of common stock.
- The disposal was executed to cover the tax liability incurred upon the partial vesting of restricted stock units granted on February 17, 2023.
- The shares were withheld by Garrett Motion Inc. at a price of $9.2 per share.
- Following the transaction, Deason beneficially owns 273,770 shares of Garrett Motion Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock disposal for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor management's alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| 02/17/2023 | Date of grant for the restricted stock units that triggered the tax liability. |
| 02/17/2025 | Date of the transaction (disposal of shares). |
| 02/19/2025 | Date of signature for the Form 4 filing. |
Keywords
Garrett Motion Inc., Sean Deason, Form 4, insider trading, stock disposal, tax liability, restricted stock units, GTX
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