Rollinger Mark D. 4
Research Summary
AI-generated summary
Garrett Motion (GTX) SVP & GC Mark D. Rollinger Receives RSU Award
What Happened
Mark D. Rollinger, Senior Vice President, General Counsel & Corporate Secretary of Garrett Motion Inc. (GTX), received a grant of 23,198 restricted stock units (RSUs) reported on a Form 4 with a transaction date of 2026-03-05. The acquisition price reported is $0.00 (award), so there was no cash outlay; total reported value on the Form 4 is $0. The award is a non-sale compensation grant rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-05; Form 4 filed: 2026-03-09 (timely filing).
- Transaction type/code: Award/Grant (A).
- Shares granted: 23,198 RSUs; acquisition price reported: $0.00; reported monetary value: $0.
- Vesting: RSUs vest in three equal annual installments on the first, second and third anniversaries of the grant date, subject to continued service (per footnote).
- Shares owned after transaction: Not specified in the filing.
- Remarks: Exhibit 24.1 (Power of Attorney) attached to the filing.
Context
This is a standard equity compensation award to an executive and does not represent a market purchase or sale. RSU grants are commonly used for retention and alignment with shareholders; the shares become actual stock only as they vest (subject to continued service). There is no indication in the filing of immediate sale or tax-withholding cashless transactions.
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