SEC Form 4 · accession 0000899243-19-005086
Garrett Motion Inc. · GTX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Olivier Rabiller
Officer — President & CEO · Director
Period of report
Feb 25, 2019
Accepted (ET)
Feb 27, 2019 · 7:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001735707
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 25, 2019 | M | 8,606 | — | A | 10,072 | D | |
| Common Stock | Feb 25, 2019 | F | 490 | $16.215 | D | 9,582 | D | |
| Common StockF2 | Feb 25, 2019 | M | 15,977 | — | A | 25,559 | D | |
| Common Stock | Feb 25, 2019 | F | 909 | $16.215 | D | 24,650 | D | |
| Common StockF3 | Feb 26, 2019 | M | 8,577 | — | A | 33,227 | D | |
| Common Stock | Feb 26, 2019 | F | 488 | $16.685 | D | 32,739 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | — | Feb 25, 2019 | M | 8,606 | D | — | — | Common Stock | 8,606 | 8,610 | D |
| Restricted Stock UnitsF2 | — | Feb 25, 2019 | M | 15,977 | D | — | — | Common Stock | 15,977 | 0 | D |
| Restricted Stock UnitsF3 | — | Feb 26, 2019 | M | 8,577 | D | — | — | Common Stock | 8,577 | 0 | D |
Explanation of responses
- F1On October 1, 2018, the reporting person was granted 17,216 restricted stock units in connection with the conversion of certain equity and cash incentive awards previously granted by Honeywell International Inc. into equity awards of Garrett Motion Inc. in connection with the legal and structural separation of Garrett Motion Inc. from Honeywell International Inc. (such conversion, the "Conversion"). The restricted stock units vested or will vest, as the case may be, in equal installments on February 25, 2019 and February 25, 2020, subject to continued employment.
- F2On October 1, 2018, in connection with the Conversion, the reporting person was granted 15,977 restricted stock units, which vested in full on February 25, 2019.
- F3On October 1, 2018, in connection with the Conversion, the reporting person was granted 8,577 restricted stock units, which vested in full on February 26, 2019.