Form 4: General Motors Director Mark Tatum Acquires Additional Deferred Share Units

General Motors director Mark Tatum acquired 4,410 deferred share units (DSUs) through dividend accrual and regular crediting, increasing his total holdings to 16,021 DSUs.

Summary

• Mark Tatum, a director at General Motors, acquired 4,263 deferred share units (DSUs) on December 31, 2024.
• An additional 147 DSUs were acquired due to accrued dividends on existing DSUs.
• The total number of DSUs held by Mr. Tatum increased to 16,021.
• These DSUs will be paid out in cash after Mr. Tatum leaves the board, based on the average closing price of GM's common stock in the quarter preceding payment.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed as neutral to slightly positive as it aligns director interests with the company's performance.

Positives

• The acquisition of additional DSUs indicates continued alignment of director interests with the company's performance.
• The dividend accrual on DSUs demonstrates a return on investment for the director.

Future Outlook

The DSUs will be paid out in cash to Mr. Tatum after he leaves the board, with the value determined by the average closing price of GM's common stock during the quarter immediately preceding payment.

Industry Context

This is a standard filing related to director compensation and is common practice for publicly traded companies. It reflects the ongoing alignment of director interests with shareholder value through equity-based compensation.

Comparison to Industry Standards

• The use of Deferred Share Units (DSUs) is a common practice for compensating non-employee directors in publicly traded companies, aligning their interests with long-term shareholder value.
• Many companies, such as Ford and Tesla, also use similar equity-based compensation methods for their directors.
• The specific number of DSUs granted and the vesting terms vary across companies, but the general principle of linking director compensation to company performance is consistent.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's long-term performance.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Deferred Share Units, DSUs, General Motors, Director, Mark Tatum, Dividend, Equity Compensation, Form 4