Garrett Motion Inc. — Director's Dealing 2019

Jul 31, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Garrett Motion Inc. (GTX)
CIK: 0001735707
Period of Report: 2019-07-27

Reporting Person: Balis Craig (SVP & Chief Technology Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-07-27	Common Stock	F	519	$14.57	Disposed	273807	Direct
2019-07-29	Common Stock	S	32.3	$14.90	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	32.3	Indirect
Common Stock	273807	Direct

Footnotes

F1: Represents shares withheld by Garrett Motion Inc. ("Garrett") for payment of the tax liability incurred upon the vesting of a portion of an award of restricted stock units that settle in shares of Garrett common stock ("RSUs") granted on October 1, 2018.

F2: Following the transaction reported above, the reporting person directly beneficially owned 273,839.3 shares of Garrett common stock, consisting of (a) 202,412 RSUs and (b) 71,395 shares of Garrett common stock, in addition to the Garrett shares indirectly beneficially owned as of such time, as described in footnote 3. This information updates the information reflected in the reporting person's previous Form 4 filed on March 6, 2019, which inadvertently reported direct beneficial ownership of (a) 202,875 previously awarded RSUs, rather than 199,119 previously awarded RSUs actually beneficially owned as of that date, and (b) an aggregate amount of securities beneficially owned of 278,082 shares of Garrett common stock, rather than the aggregate of 274,326 shares of Garrett common stock actually beneficially owned as of that date, not including the shares referred to in footnote 3.

F3: Reflects shares of Garrett common stock indirectly beneficially owned by the reporting person through a unitized stock fund under a 401(k) plan established by Honeywell International Inc. ("Honeywell"), the former parent company of Garrett. This information updates each of the reporting person's previous reports on Form 4, which inadvertently omitted these shares. In connection with the liquidation by Honeywell of all Garrett common stock held under the 401(k) plan, these shares were sold by or on behalf of Honeywell on July 29, 2019 at a price of $14.90 per share.