Garrett Motion (GTX) Director Daniel A. Ninivaggi Receives Award

What Happened
Daniel A. Ninivaggi, a non-employee director of Garrett Motion Inc. (GTX), was granted 1,882 deferred stock units on April 1, 2026 as compensation for board service. The filing reports this as an award/grant (transaction code A); no purchase price or cash value is listed in the Form 4.

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-02 (timely filing).
• Shares/units granted: 1,882 deferred stock units. Price: N/A (no cash paid).
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: Units were granted under the Garrett Motion 2021 Long-term Incentive Plan in lieu of cash compensation, vest immediately, and are payable as common stock on the earlier of (i) a Change in Control or (ii) six months after the director leaves the board.
• Transaction code: A = Award/Grant.

Context
Deferred stock units (DSUs) are bookkeeping units that convert to actual shares (here, common stock) at a later payout event; this grant compensates board service rather than reflecting a purchase or sale. Such director grants are routine corporate compensation and do not, by themselves, indicate the director’s view on the company’s short-term stock direction.