SEC Form 4 · accession 0000899243-19-006554
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
Mar 4, 2019
Accepted (ET)
Mar 6, 2019 · 8:25 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 | 48,873 | $0.00 | A | 573,821 | 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 | 108,554 | A | — | Mar 3, 2029 | Common Stock | 108,554 | 108,554 | D |
Explanation of responses
- F1The reported transaction involved the reporting person's receipt of a grant of 48,873 restricted stock units ("RSUs") under the 2018 Stock Incentive Plan of Garrett Motion Inc. and its Affiliates. The reporting person has reported prior awards of RSUs in Table II of Form 4. The total reported in Column 5 includes the 48,873 newly awarded RSUs, 475,837 RSUs previously reported in Table II, and 49,111 shares of common stock. The 48,873 newly awarded RSUs are scheduled to vest in full on March 4, 2022, subject to continued employment.
- 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.