SEC Form 4 · accession 0000950142-18-001984
Garrett Motion Inc. · GTX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jerome Maironi
Officer — SVP, GC & Corp. Secretary
Period of report
Oct 1, 2018
Accepted (ET)
Oct 3, 2018 · 4:25 pm EDT
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 | holding | — | — | — | 239 | 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 UnitsF2 | — | Oct 1, 2018 | A | 54,060 | A | — | — | Common Stock | 54,060 | 54,060 | D |
| Restricted Stock UnitsF3 | — | Oct 1, 2018 | A | 14,318 | A | — | — | Common Stock | 14,318 | 14,318 | D |
| Restricted Stock UnitsF4 | — | Oct 1, 2018 | A | 23,503 | A | — | — | Common Stock | 23,503 | 23,503 | D |
| Restricted Stock UnitsF5 | — | Oct 1, 2018 | A | 24,100 | A | — | — | Common Stock | 24,100 | 24,100 | D |
| Restricted Stock UnitsF6 | — | Oct 1, 2018 | A | 10,719 | A | — | — | Common Stock | 10,719 | 10,719 | D |
| Restricted Stock UnitsF7 | — | Oct 1, 2018 | A | 14,528 | A | — | — | Common Stock | 14,528 | 14,528 | D |
| Restricted Stock UnitsF8 | — | Oct 1, 2018 | A | 18,518 | A | — | — | Common Stock | 18,518 | 18,518 | D |
| Restricted Stock UnitsF9 | — | Oct 1, 2018 | A | 22,387 | A | — | — | Common Stock | 22,387 | 22,387 | D |
| Restricted Stock UnitsF10 | — | Oct 1, 2018 | A | 23,152 | A | — | — | Common Stock | 23,152 | 23,152 | D |
| Restricted Stock UnitsF11 | — | Oct 1, 2018 | A | 24,453 | A | — | — | Common Stock | 24,453 | 24,453 | D |
Explanation of responses
- F1On October 1, 2018, Honeywell International Inc. (?Honeywell?) distributed a pro rata dividend to Honeywell?s stockholders of record as of 5:00 p.m. New York City time on September 18, 2018 one share of Garrett Motion Inc., a Delaware corporation, (?Garrett?) common stock, par value $0.001 per share, for every ten shares of Honeywell common stock, par value $1.00 per share held by each holder to effect the legal and structural separation of Garrett from Honeywell. Mr. Maironi received a dividend from Honeywell of 239 shares of Garrett common stock.
- F10Grant of restricted stock units in connection with the conversion of certain equity and cash incentive awards previously granted by Honeywell into equity awards of 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 49% on July 25, 2019 and 51% on July 25, 2021, subject to continued employment.
- F11Grant of restricted stock units in connection with the conversion of certain equity and cash incentive awards previously granted by Honeywell into equity awards of 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 on March 15, 2020, subject to continued employment.
- F2Grant 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.
- F3Grant of restricted stock units in connection with the conversion of certain equity and cash incentive awards previously granted by Honeywell into equity awards of 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 February 27, 2019, February 27, 2020, February 27, 2021 and February 27, 2022, subject to continued employment.
- F4Grant of restricted stock units in connection with the conversion of certain equity and cash incentive awards previously granted by Honeywell into equity awards of 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 February 28, 2019, February 28, 2020 and February 28, 2021, subject to continued employment.
- F5Grant of restricted stock units in connection with the conversion of certain equity and cash incentive awards previously granted by Honeywell into equity awards of 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 February 25, 2019 and February 25, 2020, subject to continued employment.
- F6Grant of restricted stock units in connection with the conversion of certain equity and cash incentive awards previously granted by Honeywell into equity awards of 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 on February 26, 2019, subject to continued employment.
- F7Grant of restricted stock units in connection with the conversion of certain equity and cash incentive awards previously granted by Honeywell into equity awards of 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 on February 27, 2021, subject to continued employment.
- F8Grant of restricted stock units in connection with the conversion of certain equity and cash incentive awards previously granted by Honeywell into equity awards of 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 on February 28, 2020, subject to continued employment.
- F9Grant of restricted stock units in connection with the conversion of certain equity and cash incentive awards previously granted by Honeywell into equity awards of 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 on February 25, 2019, subject to continued employment.