Form 4: Garrett Motion Inc. Executive Sean Deason Reports Stock Transaction
SEC Form 4 Filing
Sean Deason, SVP & Chief Financial Officer of Garrett Motion Inc., reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On April 30, 2024, Sean Deason, the SVP & Chief Financial Officer of Garrett Motion Inc., reported a transaction involving the company's common stock.
- The transaction involved the disposition of 12,649 shares at a price of $9.56.
- These shares were withheld by Garrett Motion Inc. for payment of tax liability incurred upon the partial vesting of restricted stock units granted on May 26, 2021.
- Following the transaction, Deason directly owns 282,137 shares of Garrett Motion Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/26/2021 | Date of grant for restricted stock units that vested partially. |
| 04/30/2024 | Date of the stock transaction (disposition of shares). |
| 05/02/2024 | Date of signature for the Form 4 filing. |
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