Centerbridge Special Credit Partners III-Flex, L.P.

Centerbridge (10% owner) sold 520,000 shares at $9.41 on 2025-03-07; still holds 9.80M shares; stock down 9.4% from 52-week high.

Centerbridge Special Credit Partners III-Flex executed 2 separate sales totaling 520,000 shares for $4,893,200.00 at $9.41, reducing holdings by 5.0% from 10.32M to 9.80M shares. The timing coincides with recent weakness: the stock trades 9.4% below its 52-week high and has declined 4.2% over 30 days. This represents the insider's fifth distinct sale at GTX in the past two weeks (also on 2025-03-05, 2025-02-27, and 2025-02-26), suggesting a systematic reduction of position. While the insider's cross-ticker sell track record shows a 60.00% well-timed rate across 20 prior transactions, the same-ticker outcomes at GTX remain unmeasurable, leaving no prior basis to assess whether this latest reduction signals conviction about near-term price direction.

Centerbridge (10% owner) sold 500,000 shares at $9.45 on 2025-03-05 ($4.7M), reducing stake to 9.95M shares.

Centerbridge Special Credit Partners III-Flex, L.P. executed 2 separate sales totaling 500,000 shares for $4,725,000.00 on 2025-03-05, reducing its stake from 10.45M to 9.95M shares (-4.8% of pre-transaction holdings). The transactions occurred at $9.45, which is 0.1% above the current price of $9.46 and 5.7% below the 52-week high of $10.03. Garrett Motion trades at a P/E of 7.63 with annual revenue declining 10.6% year-over-year, alongside positive 90-day price performance (+6.2%) since the sale date. The insider's cross-ticker track record shows a 60.00% well-timed rate on 20 prior sells, though the 5 prior GTX trades all remain unmeasurable for outcome timing, providing limited precedent for evaluating this specific seller's precision at this ticker.

10% owner Centerbridge sells 349,351 shares at $9.96; stock near 52-week high, revenue down 10.6% YoY

Centerbridge Special Credit Partners III-Flex, L.P., a 10% shareholder in Garrett Motion, executed 2 separate sales totaling 349,351 shares for $3,478,557.78 on 2025-02-27, reducing holdings by 3.3%. The sales occurred near GTX's 52-week high of $10.03 (transaction price $9.96), though the stock is currently -3.9% below that peak. The broader context shows mixed fundamentals: a low P/E of 7.77 paired with annual revenue decline of -10.6%, suggesting the valuation may reflect operational headwinds. Centerbridge's cross-ticker track record shows an average 90-day return of 7.0% following prior sells, indicating historically poorly-timed exits where the stock rose afterward; however, outcomes at GTX specifically are not yet measurable (5 prior trades all made on 2025-02-25 and 2025-02-26 with no 30d or 90d data). The sale scale is material—reducing a 10% stake by 3.3%—warranting attention to whether this signals portfolio reallocation or a shift in conviction regarding the company's trajectory.

Centerbridge sells 740.2K GTX shares (6 transactions for $7.4M) at $9.93–$9.94; insider retains 10.20M shares post-sale.

Centerbridge Special Credit Partners III-Flex, L.P., a 10% owner, executed 6 separate sales totaling 740,235 shares for $7,352,545.00 over two consecutive trading days (Feb 25–26, 2025), reducing holdings by 6.8% from 10,942,011 to 10,201,776 shares. At a blended average price of $9.93, these sales occurred near the 52-week high of $10.03 and above the current price of $9.76. Notably, across Centerbridge's cross-ticker insider selling history, prior sells have exhibited a 33.33% well-timed rate (90-day outcomes), yet at GTX specifically, 3 of 3 prior measurable sales were well-timed at the 90-day mark, including a -16.1% outcome in May 2024 and -5.0% in February 2024—suggesting timing acumen at this ticker. The current stock trades at 7.87 P/E and has gained 15.1% over 90 days, yet fundamental headwinds persist: annual revenue declined 10.6% year-over-year despite net income of $52.0M on $826.0M in quarterly revenue. The concentration of six sales in back-to-back days at elevated prices, combined with the insider's historical success in timing GTX exits before downturns, warrants investor attention to near-term price direction and any emerging operational signals.