AI assistant
General Motors Co — Director's Dealing 2021
Jan 5, 2021
29983_dirs_2021-01-05_8d5c02f3-bfdf-44a4-a782-68936e50757f.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: General Motors Co (GM)
CIK: 0001467858
Period of Report: 2020-12-31
Reporting Person: JIMENEZ JOSEPH (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-12-31 | Deferred Share Units | $ | A | 9678 | Acquired | Common Stock (9678.0) | Direct | |
| 2020-12-31 | Deferred Share Units | $ | A | 866 | Acquired | Common Stock (866.0) | Direct |
Footnotes
F1: Deferred Share Units ("DSUs") were awarded pursuant to the General Motors Company Deferred Compensation Plan for Non-Employee Directors (the "Plan"). Under the Plan, each non-employee director is required to defer one-half of the $305,000 annual retainer fee for service on the Board of Directors into DSUs and may elect to defer more.
F2: Amounts credited as DSUs will be paid in cash after the non-employee director leaves the Board, valued at the average closing price of the Company's Common Stock during the quarter immediately preceding payment.
F3: The price of the DSUs is the average closing price of the Company's Common Stock during the previous calendar year.
F4: Represents dividends accrued on DSUs in 2020 that were credited as additional DSUs at the end of the year pursuant to the terms of the Plan.
F5: The dividends were converted to DSUs based on the average of the high and low trading price of the Company's Common Stock on the applicable dividend payment date.