Norman Daun 4
4 · Garrett Motion Inc. · Filed Jun 1, 2026
Research Summary
AI-generated summary of this filing
Garrett Motion (GTX) Director Norman Daun Receives 4,505 RSUs
What Happened
Norman Daun, a director of Garrett Motion Inc. (GTX), received a grant of 4,505 restricted stock units (RSUs) on 2026-05-28. The filing lists the transaction as an award/acquisition (code A); no per-share price or total dollar value is reported because this is a non-cash equity grant rather than an open-market trade.
Key Details
- Transaction date: 2026-05-28 (reported on Form 4 filed 2026-06-01). Filing appears timely under the two-business-day rule.
- Transaction type/code: Award/Grant (A) — restricted stock units (RSUs).
- Shares granted: 4,505 RSUs. Price/value: N/A (no cash price disclosed).
- Shares owned after transaction: Not specified in this filing.
- Footnote: RSUs vest in full on the earlier of the one-year anniversary of the grant date or the issuer’s next annual meeting, subject to continued service and certain separation conditions.
- Accession: SEC Filing 0000950142-26-001583.
Context
RSUs are a common form of director/executive compensation and represent a conditional right to receive shares in the future if vesting conditions are met; they are not an immediate buy or sale and may be forfeited if service conditions aren’t met. Such awards are routine and do not, by themselves, indicate the director is buying or selling shares for investment reasons.
Insider Transaction Report
- Award
Common Stock
[F1]2026-05-28+4,505→ 91,691 total
Footnotes (1)
- [F1]Represents a grant of restricted stock units under the Garrett Motion Inc. 2021 Long-term Incentive Plan. The restricted stock units vest in full on the earlier of the one-year anniversary of the grant date or the next annual meeting of the Issuer's stockholders, subject to the reporting person's continued service and in connection with certain separations from service.