Form 4: Garrett Motion SVP Rodrigues Reports Stock Transactions

Garrett Motion Inc. SVP Mark Rodrigues reported the acquisition of 15,379 shares from vested performance units and the disposition of 9,088 shares for tax obligations.

Summary

• Mark Albert Rodrigues, SVP, GM GBEs Turbo Tech at Garrett Motion Inc. (GTX), reported changes in his beneficial ownership.
• On February 11, 2026, Rodrigues acquired 15,379 shares of Common Stock at a price of $0. These shares were earned from performance-based stock units (PSUs) granted on February 17, 2023, which vested on February 17, 2026, after performance metrics were certified by the Board of Directors on February 11, 2026.
• On February 17, 2026, Rodrigues disposed of 2,289 shares of Common Stock at $20.62 per share. These shares were withheld by Garrett Motion Inc. to cover tax liabilities incurred upon the partial vesting of restricted stock units granted on February 17, 2023.
• Also on February 17, 2026, Rodrigues disposed of an additional 6,799 shares of Common Stock at $20.62 per share. These shares were withheld by Garrett Motion Inc. for tax liabilities upon the vesting of the aforementioned PSUs granted on February 17, 2023.
• Following these transactions, Rodrigues beneficially owns 83,332 shares of Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, reflecting standard executive compensation practices and the vesting of previously awarded equity, with no indication of new strategic developments or financial performance.

Positives

• Mark Rodrigues earned 15,379 shares of Common Stock from performance-based stock units, indicating the achievement of applicable performance metrics and goals.

Negatives

• A total of 9,088 shares were disposed of to cover tax liabilities associated with the vesting of restricted stock units and performance-based stock units.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that routine insider transactions, such as those related to compensation vesting and tax withholdings, are common across all industries for executives receiving equity-based awards. These transactions typically reflect pre-planned compensation structures rather than discretionary trading based on new information.

Related Party Transactions

• The transactions involve the reporting person (Mark Rodrigues) and the issuer (Garrett Motion Inc.) related to executive compensation, which is a standard related party transaction in this context.

Stakeholder Impact

• Shareholders: The vesting of performance-based stock units indicates that company performance metrics were met, which could be viewed positively. The disposition of shares for tax purposes is a routine event and does not significantly impact the overall share structure.
• Employees: The vesting of equity awards for an executive reinforces the company's compensation structure and its link to performance.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation events, specifically the vesting of performance-based stock units and restricted stock units, followed by the disposition of shares to cover tax liabilities. Such transactions are pre-planned and do not typically signal new information about the company's operational performance or future prospects. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

Garrett Motion, GTX, Form 4, Insider Transaction, Stock Units, Performance-Based Stock Units, Restricted Stock Units, Executive Compensation, Mark Rodrigues