Camuti Paul A 4
Research Summary
AI-generated summary
Garrett Motion (GTX) Director Paul Camuti Receives 512 Stock Units
What Happened
Paul A. Camuti, a non‑employee director of Garrett Motion Inc. (GTX), received a grant of 512 deferred stock units on July 1, 2026. The disclosure lists the acquisition as an award/grant (code A); no per‑share price or cash value is provided in the filing.
Key Details
- Transaction date: 2026-07-01; Form 4 filed: 2026-07-06.
- Securities acquired: 512 deferred stock units (grant); Price: N/A.
- Post‑transaction holdings: not specified in the filing.
- Footnote: Units vest immediately but are payable as common stock upon either (i) a Change in Control of Garrett Motion or (ii) six months after the director leaves the board.
- Transaction type: director compensation (routine award), not an open‑market buy or sale.
Context
Deferred stock units awarded to non‑employee directors are commonly used to compensate board service and do not necessarily signal the director’s view of the company’s near‑term prospects. Because payout is contingent on a change in control or a post‑service timing rule, the grant represents deferred equity compensation rather than an immediate transfer of shares.