LAU JOANNE 4

What Happened

• Joanne Lau, VP, Chief Accounting Officer & Controller of Garrett Motion (GTX), had 1,160 shares withheld by the company on Feb 17, 2026 to pay tax liabilities from vested equity.
• The filing shows two withholding events: 292 shares at $20.62 each ($6,021) and 868 shares at $20.62 each ($17,898), for a combined value of approximately $23,919. These were dispositions recorded as “F” (tax withholding), not open-market sales.

Key Details

• Transaction date: 2026-02-17; Filing date: 2026-02-19.
• Price used for withholding: $20.62 per share.
• Shares withheld/disposed: 292 and 868 (total 1,160).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 = shares withheld to pay taxes on partial vesting of restricted stock units (granted Feb 17, 2023). F2 = shares withheld to pay taxes on vesting of performance-based stock units (granted Feb 17, 2023).
• Filing appears timely (submitted two days after the transactions); no late-filing flag reported.

Context

• These were company-withheld shares to satisfy tax obligations on vested awards — a routine, administrative disposition (often called a cashless or net-settlement withholding), not a discretionary open-market sale that would reflect a trading decision.
• Transaction code F = tax withholding; such withholdings commonly accompany RSU/PSU vesting and don’t necessarily indicate insider sentiment about the stock.