Deason Sean 4
Research Summary
AI-generated summary
Garrett Motion (GTX) CFO Sean Deason Sells Shares to Cover Taxes
What Happened
- Sean Deason, Chief Financial Officer of Garrett Motion Inc. (GTX), had a total of 82,255 shares disposed on Feb 17, 2026 via company withholding to satisfy tax liabilities related to vested equity awards. The filing reports two withholdings: 9,729 shares at $20.62 ($200,612) and 72,526 shares at $20.62 ($1,495,486), for a combined proceeds value of $1,696,098.
Key Details
- Transaction date: 2026-02-17; Form 4 filed: 2026-02-19 (timely within the usual two-business-day window).
- Price per share reported: $20.62 for both withholdings.
- Shares withheld/Disposed: 9,729 and 72,526 (total 82,255).
- Total value: $1,696,098 (sum of both withholdings).
- 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).
- Shares owned after the transactions: not specified in the excerpt provided.
Context
- These dispositions are tax-withholding actions (transaction code F), where the company retains shares to cover the insider’s tax liability upon vesting. This is routine and does not necessarily signal the insider’s view of the company’s stock; it differs from an open-market sale.