Form 4: Garrett Motion SVP Mabru Reports Tax-Related Stock Withholding

Garrett Motion Inc.'s SVP of Integrated Supply Chain, Thierry Mabru, reported the withholding of 55,468 shares of common stock for tax liabilities related to the vesting of restricted and performance-based stock units.

Summary

• Thierry Mabru, SVP, Integrated Supply Chain at Garrett Motion Inc. (GTX), reported transactions involving the company's common stock.
• On February 17, 2026, a total of 55,468 shares of common stock were withheld by Garrett Motion Inc.
• These shares were withheld to cover tax liabilities incurred upon the partial vesting of restricted stock units (6,561 shares) and the vesting of performance-based stock units (48,907 shares).
• Both sets of units were originally granted on February 17, 2023.
• The shares were withheld at a price of $20.62 per share.
• Following these transactions, Thierry Mabru beneficially owns 214,023 shares of Garrett Motion Inc. common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine compliance filing for executive compensation and tax withholding, with no direct positive or negative implications for the company's operational or financial performance.

Positives

• The vesting of restricted and performance-based stock units indicates that performance conditions, if any, were met, leading to the executive's equity compensation becoming exercisable.
• The transaction reflects a standard, non-discretionary event related to executive compensation, indicating the executive is receiving previously granted equity.

Negatives

• The withholding of shares for tax purposes reduces the executive's direct beneficial ownership, though this is a standard practice and not a discretionary sale.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing.

Management Comments

• "I am a director or officer of Garrett Motion Inc. (the Company) and as such I am required to file with the U.S. Securities and Exchange Commission ('SEC') Forms 3, 4, and 5 under Section 16 of the Securities Exchange Act of 1934, as amended ('Section 16'), and the rules promulgated by the SEC under Section 16, and Form 144 under Rule 144 promulgated by the SEC under the Securities Act of 1933, as amended ('Rule 144')."
• "I acknowledge that complying with Section 16 and Rule 144 as they apply to me is my responsibility and that neither the Company nor any of these attorneys-in-fact is assuming my responsibilities in that regard."

Industry Context

StockSavvy.ai notes that executive equity compensation, including restricted stock units and performance-based stock units, is a common practice across industries to align management incentives with shareholder interests. The tax withholding upon vesting is a standard, non-discretionary event in such compensation structures.

Comparison to Industry Standards

• This transaction is a routine compliance filing for executive compensation, aligning with standard practices observed in publicly traded companies globally.
• Executives typically receive equity awards that vest over time, and a portion is commonly withheld to cover tax obligations upon vesting, consistent with this report.

Corporate Governance

Stakeholder Impact

• Shareholders: Minimal direct impact. This is a routine executive compensation event. The vesting of performance-based units could be seen as a positive signal if performance targets were met.
• Management: The executive's compensation structure is being executed as planned, indicating continuity in incentive alignment.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary transaction related to executive compensation and tax withholding. It does not provide new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as the filing itself does not present a catalyst for significant price movement.

Keywords

Garrett Motion Inc., GTX, Thierry Mabru, SVP Integrated Supply Chain, Form 4, SEC filing, insider transaction, stock withholding, restricted stock units, performance stock units, equity compensation, tax liability