Form 4: General Motors Director Joseph Jimenez Reports Acquisition of Deferred Share Units
SEC Form 4 Filing
Director Joseph Jimenez reports acquisition of Deferred Share Units (DSUs) in General Motors Co.
Summary
- On December 31, 2024, Joseph Jimenez, a director of General Motors Co., acquired 7,543 Deferred Share Units (DSUs).
- These DSUs are payable in cash after the director leaves the board, based on the average closing price of GM's common stock in the quarter preceding payment.
- Additionally, 824 DSUs were credited as dividends accrued on existing DSUs in 2024.
- Following these transactions, Mr. Jimenez directly owns 83,075 DSUs.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing. It simply reports transactions by a company insider.
Future Outlook
The DSUs will be paid out in cash to the director after they leave the board, with the value determined by the average closing price of GM's common stock in the quarter before payment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of transaction: Acquisition of Deferred Share Units and dividend accrual. |
| 01/03/2025 | Date of signature on the Form 4 filing. |
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