Form 4: General Motors Director Patricia Russo Reports Acquisition of Deferred Share Units

Director Patricia Russo reports acquisition of General Motors Deferred Share Units (DSUs) through dividend accrual and regular crediting.

Summary

• Patricia Russo, a director of General Motors Co, reported the acquisition of Deferred Share Units (DSUs) on December 31, 2024.
• She acquired 9,729 DSUs and an additional 918 DSUs representing dividends accrued in 2024.
• Following these transactions, Ms. Russo beneficially owns 93,096 DSUs.
• The DSUs will be paid in cash after she leaves the Board, valued at the average closing price of GM's common stock during the quarter immediately preceding payment.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating standard compensation practices. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Future Outlook

The DSUs will be paid out in cash when the director leaves the board, with the value based on the average closing stock price at that time.

Industry Context

This filing is a routine disclosure of insider transactions, specifically the acquisition of deferred share units, which are a common form of compensation for non-employee directors.

Comparison to Industry Standards

• Deferred Share Units (DSUs) are a common form of compensation for non-employee directors in publicly traded companies, aligning their interests with those of shareholders.
• Companies like Ford (F) and Tesla (TSLA) also utilize stock-based compensation for their board members, although the specific instruments and vesting schedules may vary.
• The practice of valuing DSUs based on the average closing price of the company's stock in the quarter preceding payment is a standard approach to ensure fair valuation at the time of distribution.

Stakeholder Impact

• The acquisition of DSUs by a director aligns her interests with those of shareholders, as the value of the units is tied to the company's stock performance.

Key Dates