SEC Form 4 · accession 0000950142-18-001982
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
Oct 1, 2018
Accepted (ET)
Oct 3, 2018 · 4:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001735707
Table I — non-derivative securities
No Table I lines on this filing.
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 | — | Oct 1, 2018 | A | 79,990 | A | — | — | Common Stock | 79,990 | 79,990 | D |
| Restricted Stock UnitsF2 | — | Oct 1, 2018 | A | 111,139 | A | — | — | Common Stock | 111,139 | 111,139 | D |
Explanation of responses
- F1Grant of restricted stock units pursuant to the 2018 Stock Incentive Plan of Garrett Motion Inc. and its Affiliates, which will vest as to 50% on October 1, 2021 and 50% on October 1, 2022, subject to continued employment.
- F2Grant of restricted stock units in connection with the conversion of certain equity and cash incentive awards previously granted by Honeywell International Inc. ("Honeywell") into equity awards of Garrett Motion Inc. ("Garrett") with respect to, or with a value determined with reference to, Garrett common stock, par value $0.001. The restricted stock units will vest in equal installments on June 1, 2019 and June 1, 2020, subject to continued employment.