Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | GM | Deferred Share Units | Award | $118K | +2.08K | $56.78 | 2.08K | Dec 31, 2021 | Common Stock | 2.08K | Direct | F1, F2, F3 |
Id | Content |
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F1 | 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. |
F2 | 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. The deferred portion of the retainer fee is pro-rated for a partial year of service and converted to DSUs based on the average closing price of the Company's Common Stock during the period of service. |
F3 | The Reporting Person's annual retainer fee was pro-rated for a partial year of service, therefore, the price of the DSUs is the average closing price of the Company's Common Stock during the period of service. |