SEC Form 4 · accession 0000899243-19-006539
Garrett Motion Inc. · GTX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alessandro Gili
Officer — SVP & Chief Financial Officer
Period of report
Mar 4, 2019
Accepted (ET)
Mar 6, 2019 · 8:14 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 | Mar 4, 2019 | A | 44,873 | $0.00 | A | 236,002 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2 | $16.17 | Mar 4, 2019 | A | 34,375 | A | — | Mar 3, 2029 | Common Stock | 34,375 | 34,375 | D |
Explanation of responses
- F1The reported transaction involved the reporting person's receipt of grants of restricted stock units ("RSUs") in the aggregate amount of 44,873 RSUs under the 2018 Stock Incentive Plan of Garrett Motion Inc. and its Affiliates, of which 29,396 RSUs are scheduled to vest in full on March 4, 2021 and 15,477 RSUs are scheduled to vest in full on March 4, 2022, in each case subject to continued employment. The reporting person has reported prior awards of RSUs in Table II of Form 4. The total reported in Column 5 includes the 44,873 newly awarded RSUs and 191,129 RSUs previously reported in Table II.
- F2The stock option is scheduled to vest in equal installments on March 4, 2020, March 4, 2021, March 4, 2022 and March 4, 2023, subject to continued employment.