Form 4: General Motors Director Devin Wenig Reports Acquisition of Deferred Share Units

Director Devin Wenig reports acquisition of General Motors Deferred Share Units (DSUs) on December 31, 2024, through dividend accrual and other means.

Summary

• On December 31, 2024, Devin Wenig, a director of General Motors Co, acquired 7,761 Deferred Share Units (DSUs).
• An additional 565 DSUs were acquired due to accrued dividends.
• The total DSUs beneficially owned following the transactions is 57,981.
• These DSUs will be paid in cash after the director leaves the board, based on the average closing price of GM's common stock during the quarter immediately preceding payment.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, indicating a neutral sentiment. It reflects standard compensation practices for board members.

Future Outlook

The acquired DSUs will be converted to cash payments upon the director's departure from the board, with the value determined by the average closing stock price in the preceding quarter.

Industry Context

Reporting of beneficial ownership changes by company directors is a standard practice to ensure transparency and compliance with securities regulations.

Stakeholder Impact

• Shareholders are informed about changes in beneficial ownership by a company director.
• The report provides transparency regarding director compensation.

Key Dates