Rabiller Olivier 4

What Happened
Olivier Rabiller, President & CEO and a director of Garrett Motion (GTX), had 40,907 shares withheld by the company to satisfy the tax withholding obligation arising from the partial vesting of restricted stock units. The withholding was recorded at $25.61 per share, for an aggregate value of approximately $1,047,628. This was a tax-withholding/cashless-withdrawal of vested RSUs (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-04-30; price used for withholding: $25.61 per share.
• Shares withheld/disposed: 40,907; total value ≈ $1,047,628.
• Footnote: Shares were withheld by Garrett Motion to pay the tax liability from partial vesting of RSUs granted May 26, 2021 (F1).
• Filing: Form 4 filed with accession 0000950142-26-001274 on 2026-05-04. The report lists this as a company withholding for taxes (not a market sale).
• Shares owned after the transaction: not specified in the provided report.

Context
Tax withholding on vested RSUs is routine — the company retains shares to cover the officer’s tax bill rather than the insider selling shares on the open market. Such transactions do not necessarily indicate a change in the insider’s view of the company’s prospects. Transaction code F denotes withholding to satisfy tax obligations.