Form 4: Garrett Motion SVP Reports Future Stock Vesting, Tax Withholding

Garrett Motion Inc.'s SVP, Daniel Deiro, filed a Form 4 detailing future stock unit vesting and associated tax-related share disposals scheduled for February 17, 2026.

Summary

• Daniel Deiro, SVP, CM & GM Japan/Korea at Garrett Motion Inc. (GTX), reported changes in beneficial ownership.
• On February 17, 2026, 4,882 shares of Common Stock were disposed of at $20.62 per share, representing shares withheld for tax liability upon the partial vesting of restricted stock units granted on February 17, 2023.
• On the same date, February 17, 2026, an additional 36,390 shares of Common Stock were disposed of at $20.62 per share, representing shares withheld for tax liability upon the vesting of performance-based stock units also granted on February 17, 2023.
• Following these transactions, Daniel Deiro's direct beneficial ownership of Common Stock will be 193,994 shares.
• The filing was signed by Patrick Foley as Attorney-in-Fact for Daniel Deiro on February 19, 2026, under a Limited Power of Attorney dated February 17, 2026.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as neutral to slightly positive. While it reports a reduction in direct share ownership due to tax withholding, it primarily signifies the successful vesting of executive equity compensation, which is an expected and generally positive outcome for the executive and reflects the company's compensation strategy.

Positives

• The vesting of restricted and performance-based stock units indicates that Daniel Deiro met the conditions for these equity awards, reflecting continued tenure and/or performance achievements.

Negatives

• The disposal of 41,272 shares (4,882 + 36,390) for tax withholding purposes reduces Daniel Deiro's direct beneficial ownership in Garrett Motion Inc.

Future Outlook

The filing details future transactions related to equity compensation vesting on February 17, 2026, indicating a pre-scheduled event rather than a new strategic outlook.

Management Comments

• "/s/ Daniel Deiro, by Patick Foley as Attorney-in-Fact"

Industry Context

StockSavvy.ai notes that the reporting of future vesting events and associated tax withholdings is a standard practice for executives receiving equity compensation. This filing reflects the ongoing compensation structure for senior management within the automotive technology and turbocharger industry, where equity awards are common for aligning executive interests with shareholder value over the long term.

Comparison to Industry Standards

• The practice of withholding shares to cover tax liabilities upon the vesting of equity awards is a common and standard procedure across publicly traded companies, including those in the automotive and industrial sectors like BorgWarner, Honeywell, and Cummins. This mechanism ensures compliance with tax obligations without requiring the executive to use personal funds for the tax payment.
• The specific number of shares and the value ($20.62) are particular to Garrett Motion Inc. and Daniel Deiro's compensation package, which would typically be benchmarked against peer companies in the automotive components industry for executive compensation design.

Corporate Governance

Stakeholder Impact

• Shareholders: The filing indicates that a senior executive is realizing value from previously granted equity awards, which is a normal part of executive compensation. The reduction in direct ownership due to tax withholding is a standard practice and does not reflect a change in investment thesis.
• Employees: The vesting of equity awards for a senior executive can serve as an example of the company's compensation structure and the potential for long-term incentives.

Key Dates

Recommendation

This Form 4 filing reports routine executive compensation events (vesting and tax withholding) that are pre-scheduled and do not indicate any new material information about the company's operational performance, financial health, or strategic direction. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

Garrett Motion Inc., GTX, Form 4, Insider Trading, Stock Vesting, Restricted Stock Units, Performance Stock Units, Tax Withholding, Executive Compensation, Daniel Deiro