Drees Joachim 4

What Happened Drees Joachim, a member of Garrett Motion Inc.'s Board of Directors, received a grant of 1,848 deferred stock units (transaction code A) on April 1, 2026 as non-employee director compensation under the Garrett Motion Inc. 2021 Long-term Incentive Plan. No per-share price or immediate cash value is reported (listed as N/A). These units vest immediately but are payable in common stock only upon the earlier of a Change in Control or six months after Mr. Joachim ceases board service.

Key Details

• Transaction date: 2026-04-01 (Form 4 filed 2026-04-02 — timely filing).
• Transaction type/code: Award/Grant (A) of 1,848 deferred stock units; price: N/A.
• Shares issued/owned after transaction: Not specified in the filing.
• Footnote: Units are deferred stock units under the 2021 Long-term Incentive Plan; they vest immediately but convert to shares on a Change in Control or six months after cessation of service.
• No 10b5-1 plan, tax withholding, or sale reported.

Context Deferred stock units are a common form of director compensation that defers actual share delivery until a future event; this is not a market purchase or sale and therefore does not necessarily signal insider buying or selling intent. Because the units are payable later, there is no immediate change in circulating shares or proceeds to the director until conversion events occur.