Form 4: General Motors President Mark Reuss Awarded 74,442 Restricted Stock Units
SEC Form 4 Filing
General Motors President Mark L. Reuss was granted 74,442 Restricted Stock Units (RSUs) under the company's 2020 Long-Term Incentive Plan.
Summary
- Mark L. Reuss, President of General Motors Co, was awarded 74,442 Restricted Stock Units (RSUs) on February 4, 2025.
- The RSUs were granted under the company's 2020 Long-Term Incentive Plan.
- These 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 in one share of General Motors common stock.
- A Power of Attorney was executed, appointing John S. Kim, Lubna R. Malik, Kristina Daniels, and Tia Y. Turk as attorneys-in-fact to handle SEC filings on behalf of Mark L. Reuss.
Sentiment
Score: 7
Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management interests with shareholder value. The vesting schedule promotes long-term commitment.
Positives
- The grant of RSUs aligns the executive's interests with those of the shareholders.
- The vesting schedule encourages long-term commitment from the executive.
Future Outlook
The RSUs will vest over a three-year period, incentivizing the executive to remain with the company and contribute to its long-term success.
Industry Context
Granting stock-based compensation is a common practice in the automotive industry to align executive compensation with company performance and shareholder value. This is similar to compensation packages offered to executives at Ford and Stellantis.
Comparison to Industry Standards
- Executive compensation packages in the automotive industry often include a mix of salary, bonus, and stock-based awards.
- Companies like Ford and Stellantis also utilize restricted stock units as part of their executive compensation plans.
- The vesting schedules for these RSUs are fairly standard, typically ranging from three to five years.
- The number of RSUs granted is likely determined based on the executive's role, performance, and the company's overall compensation strategy.
Stakeholder Impact
- Shareholders may view the RSU grant positively as it incentivizes executive performance.
- Employees may see this as a sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| December 13, 2024 | Date of Power of Attorney execution by Mark L. Reuss |
| February 4, 2025 | Date of the RSU grant |
| February 4, 2026 | First vesting date for one-third of the RSUs |
| February 4, 2027 | Second vesting date for one-third of the RSUs |
| February 4, 2028 | Final vesting date for the remaining one-third of the RSUs and full settlement date |
| February 6, 2025 | Date of signature of the reporting person |
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