Form 4: Ally Financial CFO Russell Hutchinson Reports Tax Obligation Share Withholding
SEC Form 4 Filing
Ally Financial's CFO, Russell E. Hutchinson, reports the withholding of shares to cover tax obligations related to vested restricted stock units.
Summary
- Russell E. Hutchinson, CFO of Ally Financial Inc., filed a Form 4 on July 23, 2024, reporting a transaction on July 19, 2024.
- The transaction involved the withholding of 12,762 shares of common stock by the company to satisfy Hutchinson's tax obligations related to the vesting of previously reported restricted stock units at a price of $41.86.
- Following the transaction, Hutchinson beneficially owns 183,099 shares of common stock directly.
- Hutchinson also directly owns 6,000 shares of Series B Preferred Stock.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders as it relates to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 2024-05-20 | Date of Power of Attorney execution. |
| 2024-07-19 | Date of transaction (share withholding). |
| 2024-07-23 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.