Balis Craig 4

What Happened

• Craig Balis, Senior Vice President & Chief Technology Officer at Garrett Motion (GTX), was granted 24,543 restricted stock units (RSUs) on March 5, 2026 (grant recorded at $0). On the same date 12,767 shares were withheld by the company to cover the tax liability from partial vesting of prior RSUs; those withheld shares were treated as a disposition at $18.87 per share for a value of $240,913.
• The RSU grant is an award (not a cash purchase) and the withholding is a routine tax-related disposition rather than an open-market sale.

Key Details

• Transaction date: 2026-03-05; filing date: 2026-03-09 (timely filed).
• Withheld/disposed: 12,767 shares at $18.87 — proceeds/value reported $240,913 (transaction code F: tax withholding).
• Award/acquired: 24,543 RSUs at $0 (transaction code A: grant); implied market value at $18.87 ≈ $463,128 (illustrative).
• Shares owned after transaction: Not specified in this Form 4 filing.
• Footnotes: F1 — shares were withheld to pay tax on partial vesting of RSUs granted March 5, 2024 and March 5, 2025. F2 — the new RSUs were granted under the 2021 Long-Term Incentive Plan and vest in three equal annual installments, subject to continued service.
• Filing timeliness: Reported within the required window (not marked late).

Context

• RSU grants are compensation awards and vest over time; they are not an immediate purchase signal. The withheld shares are a common, administrative action to satisfy tax withholding on vesting and should not be interpreted as an intentional open-market sale by the insider.
• The new RSUs vest in three equal annual installments (first, second, third anniversaries), so the economic interest vests over multiple years, subject to service requirements.