Garrett Motion (GTX) SVP Daniel Deiro Sells 50,000 Shares

What Happened

• Daniel Deiro, Senior Vice President, Global Commercial & Marketing and General Manager Japan/Korea at Garrett Motion (GTX), sold a total of 50,000 shares in two open-market transactions. On 2026-09-01 he disposed of 30,000 shares at a weighted-average price of $26.70 (reported proceeds $800,943). On 2026-09-02 he disposed of 20,000 shares at a weighted-average price of $26.89 (reported proceeds $537,818). Total reported proceeds across both days were about $1,338,761.
• These were sales (S) — not purchases — which are commonly routine insider sales and do not by themselves indicate company performance or insider sentiment.

Key Details

• Transaction dates and reported weighted-average prices:
  • 2026-09-01: 30,000 shares sold, $26.70 (weighted avg); actual trade prices ranged $26.40–$27.03 (Footnote F1).
  • 2026-09-02: 20,000 shares sold, $26.89 (weighted avg); actual trade prices ranged $26.59–$27.12 (Footnote F2).
• Shares owned after transaction: Not specified in the information provided in this summary (check the full Form 4 for “Amount Owned Following Reported Transaction”).
• Notable footnotes: Both prices are weighted averages; the filer indicates he can provide a breakdown of the number of shares sold at each separate price within the stated ranges upon request.
• Filing timeliness: Form 4 was filed on 2026-09-03 for transactions dated 2026-09-01 and 09-02, which appears to meet the SEC’s typical two-business-day filing requirement.

Context

• These were straight sales rather than option exercises, awards, or gifts. Open-market insider sales are often routine (liquidity, diversification, tax planning) and should not be read alone as a buy/sell signal.
• For full detail (exact post-transaction holdings, transaction-by-transaction prices, and any additional disclosure), consult the complete Form 4 (Accession 0000950157-26-000979) on the SEC EDGAR site.