Form 4: General Motors Executive Rory Harvey Reports Stock Option Exercises and Sales
SEC Form 4 Filing
Executive Vice President Rory Harvey of General Motors Co. reports exercising stock options and selling shares on October 23, 2024.
Summary
- On October 23, 2024, Rory Harvey, an Executive Vice President at General Motors Co., executed transactions involving General Motors common stock.
- Harvey exercised employee stock options to acquire 5,652 shares at $41.40 and 3,655 shares at $39.00.
- Concurrently, Harvey sold 5,652 shares and 3,655 shares at a weighted average price of $54.01.
- Following these transactions, Harvey directly owns 8,513 shares of common stock.
- Harvey also holds 11,304 employee stock options.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine disclosure of stock transactions by an executive. The transactions themselves don't necessarily indicate a positive or negative outlook.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies like General Motors. These transactions are closely monitored by investors as they can provide insights into management's perspective on the company's performance and future prospects.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 02/13/2019 | Date some employee stock options were granted. |
| 02/07/2023 | Date some employee stock options were granted. |
| 10/23/2024 | Date of stock option exercises and sales. |
| 10/24/2024 | Date of Form 4 filing. |
| 02/07/2025 | Date of next vesting installment for some stock options. |
| 02/07/2026 | Date of final vesting installment for some stock options. |
| 02/13/2029 | Expiration date for some stock options. |
| 02/07/2033 | Expiration date for some stock options. |
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