Form 4: Garrett Motion SVP Earns 79,195 Shares from PSU Award

Garrett Motion's SVP & Chief Human Resources Officer, Fabrice Spenninck, earned 79,195 shares of common stock from a performance-based stock unit award.

Summary

• Fabrice Spenninck, SVP & Chief Human Resources Officer of Garrett Motion Inc. (GTX), acquired 79,195 shares of common stock.
• The acquisition is related to the certification of performance-based stock units (PSUs) granted on February 17, 2023.
• The Issuer's Board of Directors, upon recommendation from its Talent Management & Compensation Committee, certified the achievement of applicable performance metrics and goals on February 11, 2026.
• The PSUs will vest, in accordance with their terms, on February 17, 2026.
• Following this transaction, Fabrice Spenninck beneficially owns 230,659 shares of common stock.
• The shares were acquired at a price of $0, as they represent earned compensation.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, as it signifies that management has met previously established performance goals, leading to the vesting of their incentive compensation. This aligns executive interests with company performance.

Positives

• The Board of Directors certified the achievement of performance metrics and goals for the PSUs, indicating successful performance by management.
• The vesting of these PSUs aligns management's interests with long-term shareholder value.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future financial performance or strategic outlook, focusing solely on an executive's compensation event.

Industry Context

StockSavvy.ai notes that the vesting of performance-based stock units is a standard component of executive compensation packages across various industries, designed to incentivize long-term performance and align executive interests with shareholder returns. This particular event reflects a routine compensation outcome for Garrett Motion's SVP & Chief Human Resources Officer.

Corporate Governance

Stakeholder Impact

• Shareholders: The vesting of performance-based awards indicates that management has met specific performance targets, which is generally positive for shareholder value.
• Employees: This event reflects the company's commitment to its executive compensation structure, potentially influencing broader employee incentive programs.

Next Steps

• The 79,195 shares of common stock will officially vest on February 17, 2026.

Key Dates

Keywords

Garrett Motion, GTX, Fabrice Spenninck, SVP, Chief Human Resources Officer, Performance-Based Stock Units, PSUs, Insider Transaction, Stock Award, Executive Compensation