Form 4: General Motors Executive Mark Reuss Reports Stock Transactions
SEC Form 4 Filing
General Motors President Mark Reuss reports the vesting and disposal of restricted stock units and performance stock units, resulting in adjustments to his beneficial ownership of GM stock.
Summary
- On February 6, 2025, Mark Reuss, President of General Motors, reported transactions involving General Motors common stock.
- He converted 30,596 Restricted Stock Units (RSUs) into common stock.
- He disposed of 9,497 shares of common stock to cover tax obligations at a price of $47.93 per share.
- On February 8, 2025, 117,272 Performance Stock Units (PSUs) vested and were awarded in shares of common stock.
- He disposed of 51,212 shares of common stock to cover tax obligations at a price of $47.39 per share.
- Following these transactions, Reuss directly owns 214,066 shares of General Motors common stock.
Sentiment
Score: 5
Explanation: The document is a routine filing of stock transactions by an executive, with no inherently positive or negative implications for the company's overall outlook.
Future Outlook
The remaining two-thirds of the RSUs will vest on February 6, 2026 and February 6, 2027.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation packages. These transactions are closely watched by investors as they can provide insights into management's view of the company's prospects.
Comparison to Industry Standards
- Executive compensation packages often include stock options, restricted stock units, and performance stock units to align management's interests with those of shareholders.
- The vesting schedules and performance targets associated with these equity grants are typically benchmarked against industry peers to ensure competitiveness and effectiveness.
- Companies like Ford and Tesla also utilize similar equity-based compensation strategies for their executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of shares outstanding, but the effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 02/06/2024 | RSUs were awarded. |
| 02/06/2025 | Conversion of 30,596 Restricted Stock Units (RSUs) into common stock and disposal of 9,497 shares for tax obligations. |
| 02/08/2022 | Grant of Performance Stock Units (PSUs). |
| 02/08/2025 | Vesting of 117,272 Performance Stock Units (PSUs) and disposal of 51,212 shares for tax obligations. |
| 02/06/2026 | Remaining RSUs will vest. |
| 02/06/2027 | Remaining RSUs will vest. |
| 02/10/2025 | Date of signature on the Form 4 filing. |
Keywords
General Motors, Mark Reuss, Stock Transactions, Form 4, Restricted Stock Units, Performance Stock Units, Beneficial Ownership, GM
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