Steyn Julia 4
Research Summary
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Garrett Motion (GTX) Director Julia Steyn Sells Shares
What Happened Julia Steyn, a director of Garrett Motion Inc. (GTX), sold a total of 17,000 shares of Common Stock in open-market transactions on February 24, 2026. The filing reports two line items: 16,500 shares at $19.85 ($327,532) and 500 shares at $20.31 ($10,155), for an aggregate proceeds of approximately $337,687. These were sales (not purchases or option exercises).
Key Details
- Transaction date: February 24, 2026; Form 4 filed February 26, 2026 (timely under Section 16 rules).
- Reported line-item prices: 16,500 @ $19.85 and 500 @ $20.31; total proceeds ≈ $337,687.
- Footnote F1: The filing notes Column 4 shows a weighted-average price and states the shares were sold in multiple executions at prices ranging from $19.30 to $20.29; the reporting person can provide a per-price breakdown on request.
- Footnote F2: Total holdings were adjusted to correct an inadvertent underreporting of 35 shares in prior reports.
- No 10b5-1 plan, option exercise, gift, or tax-withholding notation is indicated in the provided summary.
Context This filing documents routine insider sales rather than an acquisition or option exercise. Sales can reflect many reasons (diversification, liquidity needs, tax planning), so they are informational but not definitive indicators of company outlook. Purchases are generally viewed as more directly bullish; this report documents only sales.