NINIVAGGI DANIEL A 4
Research Summary
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Garrett Motion (GTX) Director Daniel Ninivaggi Receives 4,505 RSUs
What Happened Daniel A. Ninivaggi, a director of Garrett Motion Inc. (GTX), received a grant of 4,505 restricted stock units (RSUs) on May 28, 2026. The Form 4 reports this as an award (code A); no purchase price or cash value is listed in the filing. This was a compensation award (not an open-market buy or sale).
Key Details
- Transaction date: 2026-05-28; Form 4 filed: 2026-06-01 (reports the May 28 grant).
- Transaction type/code: Award/Grant (A). Price per share: N/A; total value not reported.
- Shares acquired: 4,505 RSUs. Shares owned after transaction: not specified in the filing.
- Footnote: RSUs granted under the Garrett Motion 2021 Long-Term Incentive Plan; vest in full on the earlier of the one-year anniversary of the grant or the next annual meeting, subject to continued service and certain separation provisions.
- No indication in the filing of a 10b5-1 plan, tax-withholding share surrender, or immediate sale.
Context RSU grants are a form of compensation and typically reflect company pay practices rather than an insider's personal market view. These RSUs will convert to shares only if vesting conditions are met; until then they are contingent awards and have no reported sale proceeds.