Spenninck Fabrice 4
4 · Garrett Motion Inc. · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Garrett Motion (GTX) SVP Fabrice Spenninck Sells 39,000 Shares
What Happened
Fabrice Spenninck, Garrett Motion’s Senior Vice President & Chief Human Resources Officer, sold a total of 39,000 shares in two open-market transactions. On Feb 25 (20,000 shares) he sold at a weighted average price of $20.31 for proceeds of $406,284; on Feb 26 (19,000 shares) he sold at a weighted average price of $20.28 for proceeds of $385,335. Total proceeds reported: $791,619. These were sales (S) — typically routine disposition of shares rather than a bullish purchase signal.
Key Details
- Transaction dates: Feb 25 and Feb 26 (reported in the Form 4 filed Feb 27, 2026).
- Reported weighted-average prices and proceeds: 20,000 @ $20.31 = $406,284; 19,000 @ $20.28 = $385,335; total ≈ $791,619.
- Footnotes: Prices are weighted averages from multiple trades. Footnote 1 range: $20.115–$20.46; Footnote 2 range: $20.025–$20.495. The reporting person will provide per-price breakdowns on request.
- Shares owned after the transaction: Not specified in the provided excerpt of the filing.
- Filing timeliness: Form filed 2026-02-27 (the filing shows a report date of Feb 25); no late-filing flag is indicated in the information you provided.
Context
Sales by officers are common and can reflect personal liquidity needs, pre-set plans, or portfolio rebalancing; they are not by themselves evidence of company performance. Because these were open-market sales (not option exercises, gifts, or awards), there is no derivative or tax-withholding mechanics to explain here.
Insider Transaction Report
- Sale
Common Stock
[F1]2025-02-25$20.31/sh−20,000$406,284→ 170,239 total - Sale
Common Stock
[F2]2025-02-26$20.28/sh−19,000$385,335→ 151,239 total
Footnotes (2)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.115 to $20.46, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein and in footnote 2.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.025 to $20.495, inclusive.