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Garrett Motion Inc. — Director's Dealing 2021
May 4, 2021
31466_dirs_2021-05-04_4222ecd1-c7d6-46e9-9ae7-5e66b650385b.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Garrett Motion Inc. (GTX)
CIK: 0001735707
Period of Report: 2021-04-30
Reporting Person: Balis Craig (SVP & Chief Technology Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-04-30 | Common Stock | D | 24825 | $6.25 | Disposed | 266532 | Direct |
| 2021-04-30 | Common Stock | D | 188578 | $6.25 | Disposed | 77954 | Direct |
| 2021-04-30 | Common Stock | D | 77954 | $6.25 | Disposed | 0 | Direct |
Footnotes
F1: Represents the disposition of 24,825 performance-based restricted stock units pursuant to Garrett Motion Inc.'s (the "Company's") chapter 11 plan of reorganization (the "Plan"). The Plan was confirmed by an order of the United States Bankruptcy Court for the Southern District of New York entered on April 26, 2021 and became effective on April 30, 2021.
F2: Represents the disposition of 188,578 shares of common stock by operation of the Company's Plan, for which the reporting person elected to receive a cash payment of $6.25 per share from the Company in exchange for the cancellation of the shares.
F3: Represents the disposition of 77,954 time-based restricted stock units by operation of the Company's Plan.