Form 4: General Motors Executive Christopher Hatto Reports Stock Transactions

General Motors' Vice President & CAO, Christopher Hatto, reports the vesting and disposition of restricted stock units and performance stock units.

Summary

• Christopher Hatto, Vice President & CAO of General Motors Co, filed a Form 4 detailing changes in beneficial ownership of company stock.
• On February 6, 2025, 2,411 Restricted Stock Units (RSUs) vested and were converted into common stock.
• Also on February 6, 2025, 829 shares were disposed of to cover tax obligations at a price of $47.93 per share.
• On February 8, 2025, 12,949 Performance Stock Units (PSUs) vested and were awarded in shares of common stock.
• An additional 3,769 shares were disposed of on February 8, 2025, at $47.39 per share to cover taxes related to the PSU vesting.
• Following these transactions, Hatto directly owns 22,769 shares of General Motors common stock.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions, with no inherent positive or negative sentiment.

Positives

• The vesting of RSUs and PSUs indicates that Hatto is incentivized to perform well for the company.
• The increase in direct ownership of common stock aligns Hatto's interests with those of shareholders.

Negatives

• The disposal of shares to cover tax obligations reduces Hatto's overall holdings, although this is a common practice.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are routinely disclosed to the SEC.

Stakeholder Impact

• The transactions have a minor impact on shareholders, as they reflect routine executive compensation and tax obligations.

Key Dates

Keywords

Form 4, General Motors, Christopher Hatto, RSU, PSU, Beneficial Ownership, Stock Options, Vesting