• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Amendment: SEC Form SC 13G/A filed by Garrett Motion Inc.

    11/14/24 4:09:43 PM ET
    $GTX
    Auto Parts:O.E.M.
    Consumer Discretionary
    Get the next $GTX alert in real time by email
    SC 13G/A 1 fp0090989-1_sc13ga.htm

     

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

    SCHEDULE 13G/A

     

    Under the Securities Exchange Act of 1934

     

    (AMENDMENT NO. 4) *

     

    GARRETT MOTION INC.

     

    (Name of Issuer)

     

    Common Stock, par value $0.001 per share

     

    (Title of Class of Securities)

     

    366505105

     

    (CUSIP Number)

     

    September 30, 2024

     

    (Date of Event which Requires Filing of this Statement)

     

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     

    [  ] Rule 13d-1(b) 

    [x] Rule 13d-1(c) 

    [  ] Rule 13d-1(d)

     

    *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

     

    The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     

    CUSIP No. 366505105   13G   Page 1 of 8 Pages

    1.

    NAMES OF REPORTING PERSONS

     

    Sessa Capital (Master), L.P. 

     
    2.

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 

    (see instructions)

    (a) [  ] 

    (b) [  ] 

    3.

    SEC USE ONLY

     

     
    4.

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Cayman Islands 

     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5.

    SOLE VOTING POWER

     

    0 

    6.

    SHARED VOTING POWER

     

    14,289,203 

    7.

    SOLE DISPOSITIVE POWER

     

    0 

    8.

    SHARED DISPOSITIVE POWER

     

    14,289,203 

    9.

     

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    14,289,203 

     
    10.

    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 

    (see instructions) [  ] 

     

     
    11.

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     

    6.7% 

     
    12.

    TYPE OF REPORTING PERSON (see instructions)

     

    PN 

     

     

     

    CUSIP No. 366505105   13G   Page 2 of 8 Pages

    1.

    NAMES OF REPORTING PERSONS

     

    Sessa Capital GP, LLC 

     
    2.

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 

    (see instructions) 

    (a) [  ] 

    (b) [  ]

    3.

    SEC USE ONLY

     

     
    4.

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware 

     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5.

    SOLE VOTING POWER

     

    14,289,203 

    6.

    SHARED VOTING POWER

     

    0 

    7.

    SOLE DISPOSITIVE POWER

     

    14,289,203 

    8.

    SHARED DISPOSITIVE POWER

     

    0 

    9.

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    14,289,203 

     
    10.

    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 

    (see instructions) [  ] 

     

     
    11.

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     

    6.7% 

     
    12.

    TYPE OF REPORTING PERSON (see instructions)

     

    OO 

     

     

     

    CUSIP No. 366505105   13G   Page 3 of 8 Pages

    1.

    NAMES OF REPORTING PERSONS

     

    Sessa Capital IM, L.P. 

     
    2.

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 

    (see instructions) 

    (a) [  ] 

    (b) [  ] 

    3.

    SEC USE ONLY

     

     
    4.

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware 

     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5.

    SOLE VOTING POWER

     

    14,289,203 

    6.

    SHARED VOTING POWER

     

    0 

    7.

    SOLE DISPOSITIVE POWER

     

    14,289,203 

    8.

    SHARED DISPOSITIVE POWER

     

    0 

    9.

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    14,289,203 

     
    10.

    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 

    (see instructions) [  ] 

     

     
    11.

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     

    6.7% 

     
    12.

    TYPE OF REPORTING PERSON (see instructions)

     

    PN 

     

     

     

    CUSIP No. 366505105   13G   Page 4 of 8 Pages

    1.

    NAMES OF REPORTING PERSONS

     

    Sessa Capital IM GP, LLC 

     
    2.

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 

    (see instructions) 

    (a) [  ] 

    (b) [  ] 

    3.

    SEC USE ONLY

     

     
    4.

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    Delaware 

     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5.

    SOLE VOTING POWER

     

    14,289,203 

    6.

    SHARED VOTING POWER

     

    0 

    7.

    SOLE DISPOSITIVE POWER

     

    14,289,203 

    8.

    SHARED DISPOSITIVE POWER

     

    0 

    9.

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    14,289,203 

     
    10.

    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 

    (see instructions) [  ]

     

     
    11.

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     

    6.7% 

     
    12.

    TYPE OF REPORTING PERSON (see instructions)

     

    OO 

     

     

     

    CUSIP No. 366505105   13G   Page 5 of 8 Pages

    1.

    NAMES OF REPORTING PERSONS

     

    John Petry 

     
    2.

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 

    (see instructions) 

    (a) [  ] 

    (b) [  ]

    3.

    SEC USE ONLY

     

     
    4.

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    United States of America 

     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5.

    SOLE VOTING POWER

     

    0 

    6.

    SHARED VOTING POWER

     

    14,289,203 

    7.

    SOLE DISPOSITIVE POWER

     

    0 

    8.

    SHARED DISPOSITIVE POWER

     

    14,289,203 

    9.

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    14,289,203 

     
    10.

    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 

    (see instructions) [  ]

     

     
    11.

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     

    6.7% 

     
    12.

    TYPE OF REPORTING PERSON (see instructions)

     

    IN 

     

     

     

    CUSIP No. 366505105   13G   Page 6 of 8 Pages

     

    Item 1. (a)

    Name of Issuer 

    Garrett Motion Inc. (the “Issuer”) 

         
      (b)

    Address of Issuer’s Principal Executive Offices 

    La Piece 16, Rolle, Switzerland 1180 

     

    Item 2. (a)

    Name of Person Filing

     

    The names of the persons filing this report (collectively, the “Reporting Persons”) are:

     

    1.    Sessa Capital (Master), L.P. 

    2.    Sessa Capital GP, LLC 

    3.    Sessa Capital IM, L.P. 

    4.    Sessa Capital IM GP, LLC 

    5.    John Petry 

         
      (b)

    Address of the Principal Office or, if none, residence

     

    The address of the principal business office of each of the Reporting Persons is:

     

    888 Seventh Avenue, 30th Floor 

    New York, NY, 10019 

         
      (c)

    Citizenship

     

    Sessa Capital (Master), L.P. – a Cayman Islands exempted limited partnership 

    Sessa Capital GP, LLC – a Delaware limited liability company 

    Sessa Capital IM, L.P. – a Delaware limited partnership

    Sessa Capital IM GP, LLC – a Delaware limited liability company 

    John Petry – a United States citizen 

         
      (d)

    Title of Class of Securities 

    Common Stock, par value $0.001 per share (“Common Stock”) 

         
      (e)

    CUSIP Number 

    366505105 

     

    Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

     

    Not applicable.

     

     

    CUSIP No. 366505105   13G   Page 7 of 8 Pages

     

    Item 4. Ownership.

     

    The information required by this item with respect to each Reporting Person is set forth in Rows 5 through 9 and 11 of the cover pages to this Schedule 13G. The ownership percentages reported are based on the 213,562,312 shares of Common Stock outstanding as of October 18, 2024, as reported in the Issuer’s Form 10-Q filed on October 24, 2024.

     

    Sessa Capital (Master), L.P. (the “Fund”) directly beneficially owns 14,289,203 shares of Common Stock.

     

    Sessa Capital GP, LLC is the general partner of the Fund and, as a result, may be deemed to beneficially own Common Stock owned by the Fund. Sessa Capital IM, L.P. is the investment manager of the Fund and, as a result, may be deemed to beneficially own Common Stock owned by the Fund. Sessa Capital IM GP, LLC is the general partner of Sessa Capital IM, L.P. and, as a result, may be deemed to beneficially own Common Stock beneficially owned by Sessa Capital IM, L.P. John Petry is the manager of Sessa Capital GP, LLC and Sessa Capital IM GP, LLC and, as a result, may be deemed to beneficially own Common Stock owned by the Fund.

     

    Item 5. Ownership of Five Percent or Less of a Class.

     

    If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].

     

    Item 6. Ownership of More than Five Percent on Behalf of Another Person.

     

    Not applicable

     

    Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

     

    Not applicable

     

    Item 8. Identification and Classification of Members of the Group.

     

    Not applicable

     

    Item 9. Notice of Dissolution of Group.

     

    Not applicable

     

     

    CUSIP No. 366505105   13G   Page 8 of 8 Pages

     

    Item 10. Certification.

     

    The Reporting Persons hereby make the following certifications:

     

    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

     

    Signature

     

    After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

     

      By: /s/ John Petry  
        John Petry  
        John Petry, individually, as manager of Sessa Capital GP, LLC, the general partner of Sessa Capital (Master), L.P., and as manager of Sessa Capital IM GP, LLC, the general partner of Sessa Capital IM, L.P.  
           
      Date: November 14, 2024  

     

     

    Get the next $GTX alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $GTX

    DatePrice TargetRatingAnalyst
    More analyst ratings

    $GTX
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • BWS Financial initiated coverage on Garrett Motion with a new price target

      BWS Financial initiated coverage of Garrett Motion with a rating of Buy and set a new price target of $15.00

      6/3/21 9:25:16 AM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary

    $GTX
    SEC Filings

    See more
    • SEC Form 10-Q filed by Garrett Motion Inc.

      10-Q - Garrett Motion Inc. (0001735707) (Filer)

      5/1/25 7:08:12 AM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Garrett Motion Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - Garrett Motion Inc. (0001735707) (Filer)

      5/1/25 7:02:25 AM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary
    • SEC Form DEFA14A filed by Garrett Motion Inc.

      DEFA14A - Garrett Motion Inc. (0001735707) (Filer)

      4/9/25 8:39:22 AM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary

    $GTX
    Financials

    Live finance-specific insights

    See more
    • Garrett Motion Reports First Quarter 2025 Financial Results; Wins First Major Series Production Award For Electric Motors

      First Quarter 2025 Financial Highlights Net sales totaled $878 million, down 4% on a reported basis and down 2% on a constant currency* basisNet income totaled $62 million; Net income margin of 7.1%Adjusted EBIT* totaled $131 million; Adjusted EBIT margin* of 14.9%Net cash provided by operating activities totaled $56 millionAdjusted free cash flow* totaled $36 millionReiterating full-year outlook First Quarter 2025 Business Highlights Continue to win across all turbo, plug-in hybrids and range extended electric vehicle applications Secured new wins in Asia and Europe for commercial vehicles and industrial power generation applications Won first major series production award fo

      5/1/25 6:55:00 AM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Garrett Motion to Hold First Quarter 2025 Financial Results Conference Call on Thursday May 01, 2025

      PLYMOUTH, Mich. and ROLLE, Switzerland, April 16, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX), a leading provider of differentiated automotive technology, today announced that it plans to release its first quarter financial results on Thursday, May 01, 2025, prior to the opening of the market trading in the United States. Garrett will host a conference call that same day at 8:30 am EDT / 2:30 pm CET. To participate in the conference call, please dial +1-877-883-0383 (U.S.) or +1-412-902-6506 (international) and use the passcode 2829687. The conference call will also be webcast and will include a slide presentation. To access the webcast and supporting materials, please

      4/16/25 7:30:00 AM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Garrett Motion Delivers Strong 2024 Financial Performance, Issues 2025 Outlook

      Fourth Quarter 2024 Financial Highlights Net sales totaled $844 million, down 11% on a reported basis, down 10% at constant currency*Net income totaled $100 million; Net income margin 11.8%Adjusted EBITDA* totaled $153 million; Adjusted EBITDA margin* of 18.1%Net cash provided by operating activities totaled $131 millionAdjusted free cash flow* totaled $157 million Full Year 2024 Financial Highlights Net sales totaled $3,475 million, down 11% on a reported basis, down 10% at constant currency*Net income totaled $282 million; Net income margin 8.1%Adjusted EBITDA* totaled $598 millio

      2/20/25 6:55:51 AM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary

    $GTX
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13D/A filed by Garrett Motion Inc.

      SC 13D/A - Garrett Motion Inc. (0001735707) (Subject)

      12/17/24 4:30:36 PM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Amendment: SEC Form SC 13G/A filed by Garrett Motion Inc.

      SC 13G/A - Garrett Motion Inc. (0001735707) (Subject)

      11/14/24 4:09:43 PM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Amendment: SEC Form SC 13D/A filed by Garrett Motion Inc.

      SC 13D/A - Garrett Motion Inc. (0001735707) (Subject)

      10/28/24 8:48:53 PM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary

    $GTX
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Large owner Cyrus Capital Partners, L.P. sold $1,743,099 worth of shares (155,000 units at $11.25) (SEC Form 4)

      4 - Garrett Motion Inc. (0001735707) (Issuer)

      5/7/25 4:18:22 PM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Large owner Cyrus Capital Partners, L.P. sold $1,000,290 worth of shares (100,000 units at $10.00) (SEC Form 4)

      4 - Garrett Motion Inc. (0001735707) (Issuer)

      5/5/25 4:15:41 PM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary
    • SVP & Chief Human Res. Officer Spenninck Fabrice covered exercise/tax liability with 5,377 shares, decreasing direct ownership by 3% to 151,464 units (SEC Form 4)

      4 - Garrett Motion Inc. (0001735707) (Issuer)

      5/2/25 6:09:10 PM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary

    $GTX
    Leadership Updates

    Live Leadership Updates

    See more
    • Paul A. Camuti Appointed to Board of Directors of Garrett Motion Inc.

      ROLLE, Switzerland, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX) (the "Company"), a leading differentiated automotive technology provider, today announced the appointment of Paul A. Camuti to its Board of Directors. Mr. Camuti brings over 30 years of experience in innovation and technology, with a significant focus on the industrial sector. Since 2020, he has served as Executive Vice President, Chief Technology and Sustainability Officer of Trane Technologies, overseeing the company's technical strategy, innovation practices, and sustainability efforts. Prior to Trane Technologies, a spin-off from Ingersoll Rand, Mr. Camuti held several senior executive positions of

      2/12/24 7:30:00 AM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Lordstown Motors Appoints Daniel A. Ninivaggi as Chief Executive Officer

      LORDSTOWN, Ohio, Aug. 26, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corporation (NASDAQ:RIDE), ("Lordstown Motors"), a leader in electric light-duty trucks focused on the commercial fleet market, announced today that its Board of Directors has appointed Daniel A. Ninivaggi as CEO and as a member of the Board, effective immediately. Ninivaggi is the former CEO of Icahn Enterprises L.P. (NASDAQ:IEP), a diversified holding company controlled by Carl C. Icahn, and has served in a variety of senior leadership positions in the automotive and transportation industries. He began his automotive career at Lear Corporation, ultimately serving as Executive Vice President, where he was responsible

      8/26/21 7:00:00 AM ET
      $GTX
      $IEP
      $RIDE
      Auto Parts:O.E.M.
      Consumer Discretionary
      Auto Manufacturing

    $GTX
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Garrett Motion Reports First Quarter 2025 Financial Results; Wins First Major Series Production Award For Electric Motors

      First Quarter 2025 Financial Highlights Net sales totaled $878 million, down 4% on a reported basis and down 2% on a constant currency* basisNet income totaled $62 million; Net income margin of 7.1%Adjusted EBIT* totaled $131 million; Adjusted EBIT margin* of 14.9%Net cash provided by operating activities totaled $56 millionAdjusted free cash flow* totaled $36 millionReiterating full-year outlook First Quarter 2025 Business Highlights Continue to win across all turbo, plug-in hybrids and range extended electric vehicle applications Secured new wins in Asia and Europe for commercial vehicles and industrial power generation applications Won first major series production award fo

      5/1/25 6:55:00 AM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Garrett and HanDe Sign Strategic Partnership, Including Series Production Award to Accelerate Electrification of Heavy-Duty Trucks with Advanced E-Axle Systems

      ROLLE, Switzerland and PLYMOUTH, Mich., April 23, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX), a leading differentiated automotive technology provider and Shaanxi Hande Axle Co., Ltd. (HanDe), a leading Chinese axle manufacturer for commercial vehicles, have signed a strategic agreement, including a series production award, to co-develop and manufacture advanced electric beam axle systems for medium and heavy-duty trucks. The signing took place today at the Shanghai Auto Show—China's flagship platform for mobility innovation—marking a significant milestone in the electrification of commercial transport. Right after signing: Mr. Olivier Rabiller (President and CEO of Garret

      4/23/25 7:30:00 AM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Advancing Motion: Garrett Presents Breakthrough Electrification and Turbocharging Innovations at Auto Shanghai 2025

      First public showcase in China of 3-in-1 E-Powertrain and E-Cooling Compressor technologies, advancing zero-emission vehicle performanceDifferentiated turbocharging solutions for passenger and commercial vehicles, supporting emissions reduction and efficiencyHybrid-optimized boosting solutions to maximize fuel economy in PHEV and REEV applications ROLLE, Switzerland and PLYMOUTH, Mich., April 22, 2025 (GLOBE NEWSWIRE) -- Garrett Motion Inc. (NASDAQ:GTX), a leading differentiated automotive technology provider, is presenting its latest innovations at Auto Shanghai 2025 (April 23–May 2), including the China debut of its 3-in-1 E-Powertrain and E-Cooling Compressor—two breakthrough technolog

      4/22/25 7:29:59 AM ET
      $GTX
      Auto Parts:O.E.M.
      Consumer Discretionary