NINIVAGGI DANIEL A 4
4 · Garrett Motion Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
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.
Insider Transaction Report
- Award
Common Stock
[F1]2026-04-01+1,882→ 142,063 total
Footnotes (1)
- [F1]Represents a grant of deferred stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan (the "Plan") in lieu of cash compensation for service as a non-employee director. The deferred stock units vest immediately upon grant and are payable as common stock on the earlier to occur of (i) a Change in Control of the Issuer (as defined in the Plan) or (ii) the six-month anniversary of the reporting person's cessation of service on the Board of Directors.