Form 4: Garrett Motion SVP Earns 108,679 Shares from PSUs

Garrett Motion's SVP of Integrated Supply Chain, Thierry Mabru, earned 108,679 shares of common stock from performance-based stock units, increasing his beneficial ownership to 269,491 shares.

Summary

• Thierry Mabru, SVP, Integrated Supply Chain at Garrett Motion Inc. (GTX), reported the acquisition of 108,679 shares of common stock.
• These shares were earned from performance-based stock units (PSUs) originally granted on February 17, 2023.
• The Issuer's Board of Directors, acting on the recommendation of its Talent Management & Compensation Committee, certified the achievement of the applicable performance metrics and goals on February 11, 2026.
• The PSUs are scheduled to vest, in accordance with their terms, on February 17, 2026.
• Following this transaction, Mr. Mabru will beneficially own a total of 269,491 shares of Garrett Motion Inc. common stock.
• The transaction price for the acquired shares was $0, as it represents the vesting of previously granted PSUs.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting the successful achievement of performance targets by an executive, which is generally beneficial for the company and its shareholders. It's a routine compensation event rather than a new strategic development.

Positives

• Achievement of performance metrics and goals by the SVP, Integrated Supply Chain, Thierry Mabru, leading to the earning of 108,679 shares from performance-based stock units (PSUs).
• The vesting of PSUs aligns executive incentives with shareholder value creation, indicating successful execution against pre-defined targets.

Future Outlook

The 108,679 performance-based stock units are scheduled to vest on February 17, 2026, converting into common stock for Thierry Mabru.

Management Comments

• The Issuer's Board of Directors, on the recommendation of its Talent Management & Compensation Committee, certified the achievement of the applicable performance metrics and goals on February 11, 2026.

Industry Context

StockSavvy.ai notes that executive compensation tied to performance-based stock units is a common and widely accepted practice across industries. This mechanism is designed to align the long-term interests of executives with those of shareholders by incentivizing the achievement of specific company performance targets.

Comparison to Industry Standards

• The use of performance-based stock units (PSUs) as a component of executive compensation is a standard practice among publicly traded companies, including those in the automotive and industrial sectors like Garrett Motion Inc.
• Companies such as BorgWarner Inc. (BWA) and Cummins Inc. (CMI) also frequently utilize PSUs to incentivize their senior leadership, tying compensation directly to financial and operational performance metrics over multi-year periods.
• The structure, where the Board certifies performance achievement, aligns with best practices in corporate governance for executive incentive plans.

Corporate Governance

Stakeholder Impact

• Shareholders: The vesting of performance-based stock units indicates that company performance targets, which are typically linked to shareholder value, have been met. This can be viewed positively as executive incentives are aligned with company success.
• Employees (specifically Thierry Mabru): Mr. Mabru benefits directly from the vesting of 108,679 shares, increasing his personal stake and wealth in the company.

Next Steps

• The 108,679 performance-based stock units will vest and convert into common stock on February 17, 2026.

Key Dates

Recommendation

This Form 4 reports a routine vesting of performance-based stock units for an executive, indicating the achievement of pre-defined performance metrics. It does not provide new fundamental information to alter an investment thesis or suggest a significant change in the company's outlook, thus a 'hold' recommendation is appropriate for existing investors.

Keywords

Garrett Motion, GTX, Form 4, Insider Transaction, Executive Compensation, Performance Stock Units, PSUs, Stock Vesting