Form 4: Garrett Motion Inc. Executive Thierry Mabru Reports Acquisition of 41,412 Shares of Common Stock

Thierry Mabru, SVP of Integrated Supply Chain at Garrett Motion Inc., reports acquiring 41,412 shares of common stock through a grant of restricted stock units.

Summary

• On March 5, 2024, Thierry Mabru, SVP of Integrated Supply Chain at Garrett Motion Inc., acquired 41,412 shares of common stock.
• The acquisition was a grant of restricted stock units (RSUs) under the company's 2021 Long-term Incentive Plan.
• The RSUs vest in three equal annual installments, starting on the first anniversary of the grant date, contingent upon continued service.
• Following the transaction, Mabru's total beneficial ownership of Garrett Motion Inc. common stock is 197,903 shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the sentiment is neutral. It reflects a standard compensation practice.

Positives

• The grant of restricted stock units aligns the executive's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the executive.

Future Outlook

The vesting of the restricted stock units is subject to the reporting person's continued service, suggesting an expectation of continued employment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is important for investor confidence.

Stakeholder Impact

• The transaction increases the executive's stake in the company, aligning their interests with shareholders.
• The vesting schedule incentivizes the executive to contribute to the company's long-term success.

Key Dates