Form 4: Garrett Motion SVP Sells Shares for Tax Obligations

Sentiment:

Insider Transaction Report 19 February 2026 9:08 PM

Garrett Motion Inc.'s SVP & Chief Human Resources Officer, Fabrice Spenninck, reported the disposition of shares to cover tax liabilities from the vesting of restricted and performance-based stock units.

Summary

Fabrice Spenninck, SVP & Chief Human Resources Officer of Garrett Motion Inc. (GTX), reported changes in beneficial ownership.
On February 17, 2026, 4,781 shares of common stock were disposed of at $20.62 per share to cover tax liabilities incurred upon the partial vesting of restricted stock units granted on February 17, 2023.
On the same date, an additional 35,639 shares of common stock were disposed of at $20.62 per share to cover tax liabilities incurred upon the vesting of performance-based stock units granted on February 17, 2023.
Following these transactions, Mr. Spenninck directly beneficially owns 190,239 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transactions are routine tax-related dispositions upon the vesting of equity awards, which is a standard part of executive compensation and does not reflect a discretionary sale or purchase.

Positives

The transactions are routine tax-related dispositions upon the vesting of equity awards, indicating that the original grants were made and are now vesting as planned.

Negatives

A total of 40,420 shares were disposed of, reducing the insider's direct ownership, although this was for tax purposes rather than a discretionary sale.

Future Outlook

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to tax withholding upon equity award vesting, are common occurrences across all industries. They reflect standard compensation practices for executives and do not necessarily indicate a change in management's outlook on the company's future performance.

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment
Delegation of Authority	Fabrice Spenninck granted a Limited Power of Attorney to Olivier Rabiller, Sean Deason, Jerome Maironi, and Patrick Foley to prepare, complete, and file SEC Forms 3, 4, 5, and 144 on his behalf.	February 11, 2025	Streamlines the process for executive SEC filings, ensuring timely compliance with reporting obligations.

Stakeholder Impact

Shareholders: The reduction in direct insider ownership is minor in the context of the company's total shares outstanding and is due to tax obligations, not a discretionary sale, thus having minimal direct impact on shareholder confidence.
Employees: No direct impact on employees beyond the executive involved.

Key Dates

Date	Description
February 17, 2023	Grant date of restricted stock units and performance-based stock units to Fabrice Spenninck.
February 11, 2025	Date Fabrice Spenninck granted a Limited Power of Attorney to designated individuals for SEC filings.
February 17, 2026	Date of partial vesting of restricted stock units and vesting of performance-based stock units, leading to tax-related share dispositions.
February 19, 2026	Date the Form 4 was signed by the Attorney-in-Fact.

Recommendation

hold

The filing details routine tax-related share dispositions by an executive upon the vesting of equity awards. These are non-discretionary transactions and do not signal any change in the company's fundamentals or the executive's long-term view, thus warranting a 'hold' recommendation based solely on this filing.

Keywords

Garrett Motion, GTX, Fabrice Spenninck, Insider Transaction, Form 4, Stock Units, Restricted Stock, Performance Stock, Tax Withholding, Executive Compensation

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