Garrett Motion (GTX) director awarded 4,505 restricted stock units as equity pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vanneste Jeffrey H. reported acquisition or exercise transactions in this Form 4 filing.
Garrett Motion Inc. director Jeffrey H. Vanneste received an award of 4,505 shares of common stock in the form of restricted stock units. The grant price is recorded as $0.00 per share, reflecting a compensation award rather than an open-market purchase.
These restricted stock units were granted under the Garrett Motion Inc. 2021 Long-term Incentive Plan. They vest in full on the earlier of the one-year anniversary of the grant date or the next annual meeting of stockholders, if Vanneste continues in service or in connection with certain separations from service. After this grant, he directly holds 4,505 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Vanneste Jeffrey H.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,505 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 4,505 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 4,505 shares
Grant price: $0.00 per share
Holdings after grant: 4,505 shares
3 metrics
RSU grant size
4,505 shares
Restricted stock units granted to director on May 28, 2026
Grant price
$0.00 per share
Recorded grant price for RSU award
Holdings after grant
4,505 shares
Total common shares directly held after transaction
Key Terms
restricted stock units, 2021 Long-term Incentive Plan, vest in full, separations from service
4 terms
restricted stock units financial
"Represents a grant of restricted stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2021 Long-term Incentive Plan financial
"Represents a grant of restricted stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan."
vest in full financial
"The restricted stock units vest in full on the earlier of the one-year anniversary of the grant date or the next annual meeting."
separations from service financial
"subject to the reporting person's continued service and in connection with certain separations from service."
FAQ
What did Garrett Motion (GTX) director Jeffrey H. Vanneste receive in this Form 4?
Jeffrey H. Vanneste received 4,505 restricted stock units of Garrett Motion common stock. The award is compensation under the 2021 Long-term Incentive Plan, not an open-market purchase, and increases his direct holdings to 4,505 shares following the transaction.
At what price were the Garrett Motion (GTX) restricted stock units granted?
The 4,505 restricted stock units were granted at a recorded price of $0.00 per share. This reflects an equity compensation award to the director rather than a cash purchase of shares in the market, aligning with typical long-term incentive plan grants.
When do Jeffrey H. Vanneste’s Garrett Motion (GTX) restricted stock units vest?
The restricted stock units vest in full on the earlier of the one-year anniversary of the grant date or the next annual stockholder meeting. Vesting is conditioned on Vanneste’s continued service and also applies in connection with certain separations from service, as specified in the plan.
Is the Garrett Motion (GTX) Form 4 for Jeffrey H. Vanneste a market buy or a compensation grant?
The Form 4 reflects a compensation grant, not a market buy. Vanneste received 4,505 restricted stock units at a recorded price of $0.00 per share under the 2021 Long-term Incentive Plan, typical for director equity compensation awards.
What plan governs the restricted stock unit grant to Garrett Motion (GTX) director Jeffrey H. Vanneste?
The grant is made under the Garrett Motion Inc. 2021 Long-term Incentive Plan. This plan provides for equity-based awards, and in this case delivers 4,505 restricted stock units that vest based on continued service or certain qualifying separations from service.