Form 4: GM CEO Mary Barra Receives Stock Awards Under Long-Term Incentive Plan

General Motors CEO Mary Barra was granted 108,092 restricted stock units (RSUs) under the company's 2020 Long-Term Incentive Plan, vesting in three equal installments over the next three years.

Summary

• Mary T. Barra, CEO of General Motors, received 108,092 Restricted Stock Units (RSUs) on February 4, 2025, under the company's 2020 Long-Term Incentive Plan.
• These RSUs will vest in three equal installments: one-third on February 4, 2026, one-third on February 4, 2027, and the final third on February 4, 2028.
• Upon vesting, each RSU will be settled for one share of GM's common stock.
• The filing also includes a Power of Attorney, effective December 13, 2024, authorizing John S. Kim, Lubna R. Malik, Kristina Daniels, and Tia Y. Turk to act on Barra's behalf for SEC filings related to company stock.
• The Power of Attorney remains in effect until Barra is no longer required to make filings under Section 16 or Rule 144, or until she revokes it in writing.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation practice. It's a neutral event with a slightly positive sentiment due to the alignment of management and shareholder interests.

Positives

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

Future Outlook

The RSUs will vest over the next three years, incentivizing the CEO's continued leadership and contribution to the company's performance.

Management Comments

• Complying with Section 16 and Rule 144 as they apply to me is my responsibility and that neither GM nor any of these attorneys-in-fact is assuming my responsibilities in that regard.

Industry Context

Executive compensation packages often include stock-based awards to align management's interests with those of shareholders. The vesting schedule is a common mechanism to ensure long-term commitment.

Comparison to Industry Standards

• Stock awards are a common component of executive compensation packages in the automotive industry.
• Companies like Ford and Tesla also utilize stock options and restricted stock units to incentivize their top executives.
• The specific number of RSUs granted and the vesting schedule are likely determined based on GM's performance, industry benchmarks, and the CEO's individual contributions.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns the CEO's interests with the company's long-term success.
• Employees may see the grant as a sign of confidence in the company's leadership and future prospects.

Key Dates