Balis Craig 4
4 · Garrett Motion Inc. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Garrett Motion (GTX) SVP/CTO Craig Balis Sells Shares for Taxes
What Happened
Craig Balis, SVP & Chief Technology Officer at Garrett Motion (GTX), disposed of a total of 57,938 shares on February 17, 2026 via company withholding to cover tax liabilities tied to equity vesting. The transactions were at $20.62 per share: 6,853 shares ( $141,309 ) and 51,085 shares ( $1,053,373 ), totaling $1,194,682. This was a tax-withholding disposition (routine), not an open-market sale indicating discretionary trading.
Key Details
- Transaction date: February 17, 2026; Form 4 filed February 19, 2026 (within the typical 2-business-day reporting window).
- Price: $20.62 per share.
- Shares disposed: 6,853 (F1) and 51,085 (F2) — total 57,938 shares, $1,194,682.
- Shares owned after the transaction: not specified in the provided filing.
- Footnotes: F1 = shares withheld for tax on partial vesting of restricted stock units (granted Feb 17, 2023); F2 = shares withheld for tax on vesting of performance-based stock units (granted Feb 17, 2023).
- Transaction code: F = tax withholding.
- Exhibit noted: 24.1 — Power of Attorney.
Context
These were withholding-withdrawals to satisfy tax obligations on vested awards (a cashless/withholding mechanism), which are routine and do not necessarily signal the insider’s market view. For retail investors, purchases or open-market sales by insiders are generally more informative than tax-related withholdings.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-02-17$20.62/sh−6,853$141,309→ 323,246 total - Tax Payment
Common Stock
[F2]2026-02-17$20.62/sh−51,085$1,053,373→ 272,161 total
Footnotes (2)
- [F1]Represents shares withheld by Garrett Motion Inc. for payment of the tax liability incurred upon the partial vesting of restricted stock units granted on February 17, 2023.
- [F2]Represents shares withheld by Garrett Motion Inc. for payment of the tax liability incurred upon the vesting of performance-based stock units granted on February 17, 2023.