Form 4: Garrett Motion SVP Granted 17,710 RSUs

Mark D. Rollinger, SVP, General Counsel, and Corporate Secretary of Garrett Motion Inc., was granted 17,710 restricted stock units under the company's 2021 Long-term Incentive Plan.

Summary

• Mark D. Rollinger, SVP, General Counsel & Corporate Secretary of Garrett Motion Inc. (GTX), was granted 17,710 restricted stock units (RSUs).
• The transaction date for this acquisition was November 1, 2025.
• The RSUs were granted under the Garrett Motion Inc. 2021 Long-term Incentive Plan.
• These RSUs will vest in two equal annual installments on the first and second anniversary of the grant date.
• Vesting is contingent upon Mr. Rollinger's continued service with the company.
• Following this transaction, Mr. Rollinger beneficially owns 17,710 shares of Common Stock (represented by these RSUs).

Sentiment

Score: 7

Explanation: The filing indicates a standard executive compensation event, which is generally positive for aligning management and shareholder interests, without any negative implications for the company's operational or financial health.

Positives

• The grant of restricted stock units aligns the interests of a key executive, Mark D. Rollinger, with those of shareholders.
• This equity award serves as an incentive for Mr. Rollinger's continued service and performance, promoting executive retention.
• The award is part of a structured long-term incentive plan, indicating a commitment to performance-based compensation.

Negatives

• The restricted stock units do not represent immediate cash value and are subject to a vesting schedule.
• The value of the award is dependent on the future stock price of Garrett Motion Inc., introducing market risk.

Risks

• The vesting of the restricted stock units is subject to Mark D. Rollinger's continued service, meaning the award could be forfeited if employment ceases before vesting.
• The ultimate value realized from these RSUs is tied to the future performance of Garrett Motion Inc.'s stock, exposing the recipient to market fluctuations.

Future Outlook

The grant of restricted stock units is designed to incentivize Mark D. Rollinger's long-term commitment and performance, aligning his future interests with the company's success and shareholder value creation.

Industry Context

The grant of restricted stock units to a senior executive is a standard practice within the automotive technology and manufacturing industry, as well as broader corporate sectors, to attract, retain, and motivate key talent. Such equity-based compensation plans are widely used to align executive incentives with long-term company performance and shareholder returns.

Comparison to Industry Standards

• The use of restricted stock units (RSUs) as a component of executive compensation is a common practice across various industries, including automotive suppliers like Garrett Motion, aligning with global benchmarks for performance-based incentives.
• The vesting schedule of two equal annual installments is a typical structure for RSU grants, comparable to similar plans at companies such as BorgWarner, Cummins, or other automotive component manufacturers, designed to promote long-term retention.
• The grant price of $0 for RSUs is standard, as these awards represent a right to receive shares upon vesting, rather than an option to purchase at a set price.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant aligns the interests of a senior executive with shareholders, potentially leading to better long-term performance and value creation.
• Employees: Reflects the company's compensation strategy for key personnel, which can influence overall employee morale and retention strategies.
• Management: Provides a significant long-term incentive for Mark D. Rollinger, encouraging continued dedication and strategic contributions.

Next Steps

• Mark D. Rollinger's continued service with Garrett Motion Inc. to fulfill vesting conditions.
• The vesting of the first installment of restricted stock units on November 1, 2026.
• The vesting of the second installment of restricted stock units on November 1, 2027.

Key Dates

Keywords

Garrett Motion, GTX, Form 4, Restricted Stock Units, RSU Grant, Executive Compensation, Insider Transaction, Mark D. Rollinger, Long-term Incentive Plan, Equity Award