Form 4: General Motors Director Joanne C. Crevoiserat Reports Acquisition of Deferred Share Units
SEC Form 4 Filing
Director Joanne C. Crevoiserat reports acquisition of Deferred Share Units (DSUs) in General Motors Co.
Summary
- Joanne C. Crevoiserat, a director of General Motors Co, filed a Form 4 on January 3, 2025, reporting transactions in Deferred Share Units (DSUs).
- On December 31, 2024, Crevoiserat acquired 7,106 DSUs and an additional 175 DSUs representing accrued dividends.
- Following these transactions, Crevoiserat beneficially owns 19,840 DSUs.
- 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: 7
Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and continued investment by a director.
Positives
- The acquisition of DSUs reflects continued investment in General Motors by a member of the board of directors.
Future Outlook
The DSUs will be paid out in cash after the director leaves the Board, valued at the average closing price of the Company's Common Stock during the quarter immediately preceding payment.
Industry Context
Reporting of beneficial ownership changes by company insiders is a standard practice governed by SEC regulations, providing transparency to investors.
Stakeholder Impact
- The acquisition of DSUs by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term performance.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of DSU acquisition and dividend accrual |
| 01/03/2025 | Date of Form 4 filing |
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