Form 4: General Motors CFO Paul Jacobson Awarded 53,017 Restricted Stock Units

General Motors' Executive Vice President & CFO, Paul A. Jacobson, received 53,017 Restricted Stock Units (RSUs) on February 4, 2025, according to a recent SEC filing.

Summary

• Paul A. Jacobson, Executive Vice President & CFO of General Motors Co, was granted 53,017 Restricted Stock Units (RSUs) on February 4, 2025.
• These RSUs were awarded under the company's 2020 Long-Term Incentive Plan.
• The RSUs will vest in three equal installments on February 4, 2026, February 4, 2027, and February 4, 2028.
• Upon vesting, each RSU will be settled for one share of General Motors common stock.
• A Power of Attorney was executed on December 13, 2024, appointing John S. Kim, Lubna R. Malik, Kristina Daniels, and Tia Y. Turk as attorneys-in-fact to handle SEC filings on Jacobson's behalf.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects standard executive compensation practices and aligns management with shareholder interests. The vesting schedule promotes long-term commitment.

Positives

• The grant of RSUs aligns the CFO's interests with the long-term performance of General Motors.
• The vesting schedule encourages continued service and commitment from the CFO.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

Granting RSUs to executives is a common practice in the automotive industry to incentivize performance and align management's interests with shareholders. Companies like Ford and Tesla also use similar equity-based compensation plans.

Comparison to Industry Standards

• Equity compensation for CFOs in the automotive industry typically includes a mix of stock options, restricted stock units, and performance-based awards.
• The size of the RSU grant to Paul Jacobson would be benchmarked against similar grants to CFOs at comparable companies like Ford (F) and Stellantis (STLA), considering factors such as company size, performance, and the CFO's tenure.
• For example, Ford's CFO may receive a similar package consisting of RSUs that vest over a three-year period, contingent on meeting certain performance metrics.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it incentivizes the CFO to drive long-term value creation.
• Employees may see the grant as a sign of confidence in the company's future.

Key Dates

Keywords

Restricted Stock Units, RSUs, General Motors, Paul Jacobson, CFO, SEC Filing, Form 4, Power of Attorney, Incentive Plan, Vesting