Form 4: General Motors Executive Rory Harvey Reports Acquisition of Restricted Stock Units

Executive Vice President Rory Harvey reports the acquisition of 36,481 Restricted Stock Units (RSUs) in General Motors Co.

Summary

• On February 4, 2025, Rory Harvey, Executive Vice President of General Motors Co., reported the acquisition of 36,481 Restricted Stock Units (RSUs).
• These RSUs were awarded under the company's 2020 Long-Term Incentive Plan.
• The RSUs will vest in three equal installments on February 4, 2026, February 4, 2027, and February 4, 2028.
• Upon vesting, each RSU will be settled for one share of General Motors common stock.
• A Power of Attorney was granted to John S. Kim, Lubna R. Malik, Kristina Daniels, and Tia Y. Turk to handle SEC filings on Harvey's behalf.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice. The sentiment is neutral to slightly positive as it incentivizes management alignment with shareholder interests.

Positives

• The grant of RSUs aligns the executive's interests with those of the shareholders, incentivizing long-term performance.
• The vesting schedule encourages continued service and commitment to the company over the next three years.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

Granting RSUs to executives is a common practice in the automotive industry to align management's interests with shareholder value and incentivize long-term performance. This is similar to compensation structures at companies like Ford and Tesla.

Comparison to Industry Standards

• Executive compensation packages, including RSU grants, are common across the automotive industry.
• Companies like Ford and Tesla also utilize stock-based compensation to incentivize their executives.
• The vesting schedule of these RSUs is fairly standard, with one-third vesting annually over a three-year period, which aligns with typical industry practices.
• Comparing the size of the RSU grant to similar roles at comparable companies would require more detailed compensation data, but the structure itself is consistent with industry norms.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns executive compensation with company performance.
• Employees may see this as a positive sign of the company investing in its leadership.

Key Dates

Keywords

Restricted Stock Units, RSUs, General Motors, GM, Rory Harvey, Executive Compensation, SEC Form 4, Beneficial Ownership, Power of Attorney, Long-Term Incentive Plan