Drees Joachim 4

What Happened

• Joachim Drees, a director of Garrett Motion Inc. (GTX), had 4,026 shares disposed/withheld to satisfy tax withholding on vested restricted stock units. The reported per-share value was $33.29, for a total of $134,026. This was a tax-withholding disposition (routine), not an open-market sale.

Key Details

• Transaction date and price: May 22, 2026 — 4,026 shares at $33.29 per share.
• Total value: $134,026 (based on the reported per-share price).
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnote: Shares were withheld by Garrett Motion to pay the tax liability incurred upon the vesting of RSUs originally granted on May 22, 2025 (footnote F1).
• Filing timing: Form 4 filed May 26, 2026 reporting the May 22 transaction. Given the May 25 federal holiday (Memorial Day), this filing appears to be within the SEC’s 2-business-day window.

Context

• This transaction is a tax-withholding disposition (transaction code F) tied to RSU vesting — a routine administrative action that reduces the insider’s reported shares but is not a market-driven sale signal. Such withholdings are common and typically do not alone indicate a change in the insider’s view of the company.