Form 4: General Motors Director Jan E. Tighe Reports Acquisition of Deferred Share Units

General Motors director Jan E. Tighe acquired 7,092 deferred share units (DSUs) through dividend accrual and a grant, increasing her total holdings to 12,111 DSUs.

Summary

• Jan E. Tighe, a director at General Motors, reported the acquisition of 7,092 Deferred Share Units (DSUs) on December 31, 2024.
• This acquisition includes 6,996 DSUs granted and 96 DSUs representing accrued dividends.
• The DSUs will be paid in cash after Ms. Tighe leaves the board, based on the average closing price of GM's common stock in the quarter preceding payment.
• Following these transactions, Ms. Tighe's total holdings increased to 12,111 DSUs.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to positive. The acquisition of DSUs aligns director interests with the company's performance.

Positives

• The acquisition of DSUs indicates continued alignment of the director's interests with the company's performance.
• The dividend accrual shows the company's commitment to rewarding its directors.

Future Outlook

The DSUs will be converted to cash upon Ms. Tighe's departure from the board, with the value determined by the average closing price of GM's common stock in the quarter prior to payment.

Industry Context

This filing is a routine disclosure of a director's beneficial ownership changes, which is common practice for publicly traded companies like General Motors.

Comparison to Industry Standards

• The use of Deferred Share Units (DSUs) as a form of compensation for non-employee directors is a common practice among large publicly traded companies.
• Many companies, such as Ford and Tesla, also use similar equity-based compensation methods for their board members.
• The timing of the DSU grant and dividend accrual at the end of the year is also a standard practice for many companies.

Stakeholder Impact

• The acquisition of DSUs by a director aligns their interests with shareholders, as the value of the DSUs is tied to the company's stock performance.
• The use of DSUs as compensation is a common practice and is not expected to have a significant impact on other stakeholders.

Key Dates

Keywords

Deferred Share Units, DSUs, General Motors, Director, Jan E. Tighe, GM, Dividend, SEC Form 4, Beneficial Ownership