Form 4: General Motors Director Judith A. Miscik Reports Acquisition of Deferred Share Units
SEC Form 4 Filing
Director Judith A. Miscik reports the acquisition of Deferred Share Units (DSUs) in General Motors Co. as of December 31, 2024.
Summary
- Judith A. Miscik, a director of General Motors Co., filed a Form 4 on January 3, 2025, reporting changes in beneficial ownership.
- On December 31, 2024, Miscik acquired 4,263 Deferred Share Units (DSUs).
- An additional 256 DSUs were acquired on the same date, representing dividends accrued on existing DSUs.
- Following these transactions, Miscik directly owns 26,631 DSUs.
- These DSUs will be paid out in cash after Miscik leaves the Board, based on the average closing price of GM's common stock during the quarter immediately preceding payment.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Future Outlook
The DSUs will be converted to cash payments after the director leaves 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.
Stakeholder Impact
- The filing provides transparency to shareholders regarding director compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of transaction: Acquisition of Deferred Share Units (DSUs) and accrued dividends. |
| 01/03/2025 | Date of Form 4 filing. |
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