Form 4: Ally Financial Executive Douglas Timmerman Reports Share Withholding for Tax Obligations
SEC Form 4
Douglas R. Timmerman, President of DFS at Ally Financial, reports the withholding of 1,028 common stock shares to cover tax obligations related to vesting restricted stock units.
Summary
- On November 4, 2024, Douglas R. Timmerman, President of DFS at Ally Financial Inc., had 1,028 shares of common stock withheld by the company to satisfy tax obligations.
- The shares were withheld at a price of $34.42 per share.
- Following the transaction, Timmerman directly owns 517,891 shares of Ally Financial Inc.
- Timmerman has a power of attorney naming Jeffrey A. Belisle, Joyce M. Daniels, and Cynthia R. Gould as attorneys-in-fact for Section 16 filings.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction related to tax obligations. It doesn't indicate positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on the total number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 2024-05-20 | Date of execution for Power of Attorney naming Jeffrey A. Belisle, Joyce M. Daniels, and Cynthia R. Gould as attorneys-in-fact for Section 16 filings. |
| 2024-11-04 | Date of transaction: 1,028 shares of common stock withheld for tax obligations at $34.42 per share. |
| 2024-11-06 | Date of signature for the Form 4 filing. |
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