Form 4: General Motors CEO Mary Barra Reports Stock Transactions
SEC Form 4 Filing
Mary Barra, CEO of General Motors, reports the vesting of restricted stock units and performance stock units, along with associated tax withholding.
Summary
- On February 6, 2025, Mary Barra, the Chair and CEO of General Motors, had 42,730 Restricted Stock Units (RSUs) convert into common stock.
- Also on February 6, 2025, 14,501 shares were disposed of to cover tax obligations at a price of $47.93 per share.
- On February 8, 2025, Ms. Barra received 229,541 shares of common stock from vested Performance Stock Units (PSUs).
- An additional 100,080 shares were disposed of on February 8, 2025, at $47.39 per share for tax purposes.
- Following these transactions, Ms. Barra directly owns 852,238 shares of GM common stock and indirectly owns 169,128 shares through a GRAT.
Sentiment
Score: 6
Explanation: The document primarily reports routine stock transactions related to executive compensation. The vesting of PSUs suggests the company met certain performance targets, which is mildly positive.
Positives
- The vesting of PSUs indicates that General Motors achieved certain financial targets, which is a positive sign.
Future Outlook
The remaining two-thirds of the RSUs awarded on February 6, 2024, will vest on February 6, 2026, and February 6, 2027.
Industry Context
Executive stock transactions are common and closely monitored as they can provide insights into management's confidence in the company's future performance.
Comparison to Industry Standards
- Executive compensation packages often include a mix of salary, stock options, and restricted stock units to align management's interests with those of shareholders.
- The vesting of performance-based stock units (PSUs) is a common practice tied to the achievement of specific financial or operational targets, similar to practices at companies like Ford and Tesla.
Stakeholder Impact
- The vesting of PSUs could be seen positively by shareholders as it indicates the company achieved certain financial targets.
Key Dates
| Date | Description |
|---|---|
| 02/06/2024 | RSUs were awarded, vesting in thirds on February 6, 2025, 2026, and 2027. |
| 02/06/2025 | 42,730 RSUs vested and converted to common stock; 14,501 shares disposed of for tax withholding. |
| 02/08/2022 | Grant date of Performance Stock Units (PSUs). |
| 02/08/2025 | 229,541 PSUs vested and were awarded as shares of common stock; 100,080 shares disposed of for tax withholding. |
| 02/10/2025 | Date of signature on the Form 4 filing. |
| 02/06/2026 | Next vesting date for one-third of the RSUs awarded on February 6, 2024. |
| 02/06/2027 | Final vesting date for one-third of the RSUs awarded on February 6, 2024. |
Keywords
General Motors, Mary Barra, stock, RSU, PSU, Form 4, beneficial ownership, GM
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