Centerbridge Credit Partners Master, L.P.

Centerbridge Credit Partners sold 9,000,000 shares (65.5% of holdings) at $12.27 for $110,430,000.00

Centerbridge Credit Partners executed 2 separate sales totaling 9,000,000 shares (9.00M shares) on 2025-08-13 at $12.27, reducing holdings from 13,740,569 to 4,740,569 shares. This represents a 65.5% reduction of the insider's position in Garrett Motion Inc. The transaction occurred near the 52-week high ($13.09), with the stock up 9.0% over the prior 30 days. Despite the substantial scale and timing near recent highs, the fundamental backdrop shows annual revenue decline of 10.6%, a relatively low P/E of 8.62, and net income of $87,000,000 against revenue of $913,000,000. The sale size is material and marks a significant shift in the insider's exposure to the company.

10% owner Centerbridge Credit Partners sells 5,100,000 shares (40.8% of holdings) at $12.17 for $62.1M

Centerbridge Credit Partners, a 10% stakeholder in Garrett Motion Inc., executed two separate open-market sales totaling 5,100,000 shares for $62,067,000.00, reducing its position from 12,505,469 shares to 7,405,469 shares at a blended average price of $12.17 per share. This represents a substantial 40.8% reduction in holdings by a major institutional shareholder. The transaction occurred at a price near the stock's 52-week high of $13.09 and reflects a liquid exit by a significant equity holder; notably, the company reported revenue of $913,000,000.00 and net income of $87,000,000.00 in the latest quarter, but faces a -10.6% annual revenue decline year-over-year. The combination of a large insider position liquidation by a 10% owner, the material scale of the transaction, and the company's underlying revenue contraction warrants investor attention to the strategic intent and implications for minority shareholders.

Centerbridge Credit Partners sells 3,000,000 shares of GTX for $30,900,000 at $10.30; reduces stake from 11.91M to 8.91M shares

Centerbridge Credit Partners, a 10% shareholder, executed 2 separate sales totaling 3,000,000 shares for $30,900,000 at $10.30 on 2025-05-29, reducing its holdings by 25.2% from 11.91M to 8.91M shares. The sale occurs at a price 2.8% below the current market price of $10.60 and within the 52-week range of $7.34–$12.04. Against a backdrop of modest negative revenue growth (-10.6% annually) and a compressed P/E of 7.74, this significant reduction in a major stakeholder's position warrants attention to whether operational or capital allocation pressures are driving the divestiture.