Form 4: Garrett Motion Inc. SVP & CFO Sean Deason Reports Changes in Beneficial Ownership

Sean Deason, SVP & CFO of Garrett Motion Inc., reports the acquisition of 58,466 shares of common stock and a corresponding adjustment in his beneficial ownership following a grant of restricted stock units.

Summary

• On March 5, 2024, Sean Deason, the SVP & Chief Financial Officer of Garrett Motion Inc., reported a transaction.
• He acquired 58,466 shares of common stock at a price of $0.
• This acquisition was due to a grant of restricted stock units under the company's 2021 Long-term Incentive Plan.
• Following the transaction, Deason's beneficial ownership of common stock is 294,786 shares.
• The restricted stock units vest in three equal annual installments on the first, second, and third anniversary of the grant date, contingent upon continued service.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns management interests with shareholders. There are no indications of negative events or concerns.

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 over the next three years is contingent upon the reporting person's continued service.

Industry Context

This filing is a routine disclosure related to executive compensation and is common in publicly traded companies. It provides transparency into the equity holdings of key executives.

Stakeholder Impact

• Shareholders may view the grant of restricted stock units as a positive sign, aligning management's interests with the company's long-term success.
• Employees may see this as a standard practice for executive compensation.

Key Dates