Form 4: Garrett Motion Inc. President & CEO Olivier Rabiller Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Olivier Rabiller, President & CEO of Garrett Motion Inc., disposed of shares to cover tax liabilities upon the vesting of restricted stock units.
Summary
- On April 30, 2024, Olivier Rabiller, the President & CEO of Garrett Motion Inc., disposed of 40,905 shares of common stock to cover tax obligations.
- The transaction was executed at a price of $9.56 per share.
- Following the transaction, Rabiller beneficially owns 1,016,639 shares of Garrett Motion Inc.
- The disposal was related to the vesting of restricted stock units granted on May 26, 2021.
Sentiment
Score: 6
Explanation: The document is a standard SEC filing related to stock transactions by an insider. It's neutral in nature, reflecting routine activity rather than a significant event. The disposal is for tax purposes, which is a common practice.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/26/2021 | Date of grant for the restricted stock units that triggered the tax liability. |
| 04/30/2024 | Date of the stock disposal transaction. |
| 05/02/2024 | Date of the Form 4 filing. |
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