Maironi Jerome 4
4 · Garrett Motion Inc. · Filed May 4, 2021
Insider Transaction Report
Form 4
Maironi Jerome
SVP, GC & Corp. Secretary
Transactions
- Disposition to Issuer
Common Stock
2021-04-30$6.25/sh−82,589$516,181→ 0 total - Disposition to Issuer
Common Stock
2021-04-30$6.25/sh−26,392$164,950→ 204,984 total - Disposition to Issuer
Common Stock
2021-04-30$6.25/sh−122,395$764,969→ 82,589 total
Footnotes (3)
- [F1]Represents the disposition of 26,392 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 122,395 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 82,589 time-based restricted stock units by operation of the Company's Plan.