SVP Spenninck sells 39,000 GTX shares at $20.30–$20.31 for $791.6K, reducing stake by 20.5%
Spenninck, SVP & Chief Human Resources Officer at Garrett Motion, executed 2 separate sales totaling 39,000 shares for $791,619.20 on February 25–26, 2025. The sale reduced his holdings from 190,239 to 151,239 shares, a 20.5% reduction, at an average price of $20.30. The transaction occurred near the 52-week high (current price $20.36, -4.2% from $21.25 peak), against a backdrop of strong recent momentum (+12.2% over 30 days, +23.2% over 90 days). At current valuations (P/E 10.95, $3.9B market cap, $902M quarterly revenue, and $77M net income), the company shows modest fundamentals; the recent stock appreciation may reflect sector tailwinds or cyclical recovery rather than fundamental acceleration.