Drees Joachim 4

What Happened

• Drees Joachim, a non-employee director of Garrett Motion Inc. (GTX), received a grant of 1,023 deferred stock units (DSUs) on 2026-07-01 under the company’s 2021 Long-Term Incentive Plan. No per-share price or total dollar value is reported (listed as N/A). This transaction is an award (compensation), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-01 (Form 4 filed 2026-07-06)
• Transaction type/code: Award/Grant (A)
• Units granted: 1,023 deferred stock units; price/value: N/A (not reported)
• Shares owned following the transaction: not disclosed in the provided filing
• Footnote: The DSUs were granted in lieu of cash compensation for service as a non-employee director. They vest immediately but are payable as common stock on the earlier of (i) a Change in Control or (ii) six months after the director ceases board service (see footnote F1).
• Timeliness: The Form 4 was filed five days after the grant (appears late relative to the SEC’s two-business-day filing requirement for Form 4s).

Context

• Deferred stock units are common director compensation and do not represent an immediate purchase or sale of shares. Although the units vest immediately, they will convert to actual shares only upon the payout trigger described above, so this award is routine compensation rather than a direct market-confidence signal.