Spenninck Fabrice 4
Research Summary
AI-generated summary
Garrett (GTX) SVP Fabrice Spenninck Receives 79,195-Share Award
What Happened
- Fabrice Spenninck, Senior Vice President & Chief Human Resources Officer of Garrett Motion Inc. (GTX), was credited with 79,195 shares as an award (transaction code A) on Feb 11, 2026. The shares were reported at $0.00 per share (no cash paid at grant).
- These shares represent performance-based stock units (PSUs) that were originally granted on Feb 17, 2023 and were certified as earned by the board on Feb 11, 2026; the PSU award will vest on Feb 17, 2026 in accordance with its terms.
Key Details
- Transaction date: 2026-02-11; Form 4 filed: 2026-02-13 (timely).
- Price: $0.00 per share; 79,195 shares acquired (award).
- Shares owned after transaction: Not specified in this Form 4.
- Footnote: The 79,195 shares were certified as earned for PSUs granted Feb 17, 2023; certification occurred Feb 11, 2026 and vesting is set for Feb 17, 2026.
- No 10b5-1 plan, tax-withholding sale, or cashless exercise is indicated in the filing.
Context
- PSUs are performance-based equity awards that only convert to shares if specified performance goals are met; the board’s certification means the performance metrics were achieved for the measurement period. This is an award vesting event rather than an open-market purchase or sale, and does not by itself indicate an intent to buy or sell shares in the market.