Deason Sean 4
Research Summary
AI-generated summary
Garrett Motion CFO Sean Deason Withholds 14,951 Shares for Taxes
What Happened
- Sean Deason, Chief Financial Officer of Garrett Motion Inc. (GTX), had 14,951 shares withheld by the company to satisfy tax withholding on partially vested restricted stock units. The withholding price was $25.61 per share, for a total value of approximately $382,895. This was a tax-withholding disposal (transaction code F), not an open-market sale.
Key Details
- Transaction date and price: 2026-04-30 at $25.61 per share.
- Shares withheld/disposed: 14,951; total value ≈ $382,895.
- Shares owned after transaction: Not specified in this Form 4.
- Footnote: F1 — shares were withheld by Garrett Motion to pay the tax liability from partial vesting of RSUs granted May 26, 2021.
- Filing timeliness: Report filed 2026-05-04 for a 2026-04-30 transaction; appears to be filed within the standard two-business-day window.
- Transaction code: F (payment of exercise price or tax liability via share withholding).
Context
- This was a routine tax-withholding event tied to RSU vesting (a cashless withholding), not a market sale initiated by the insider. Such withholdings are common and do not necessarily signal a change in insider sentiment.