Scott A. Stengel - 20 Oct 2023 Form 4 Insider Report for Ally Financial Inc. (ALLY)

Role
General Counsel
Signature
/s/ Jeffrey A. Belisle, attorney-in-fact for Mr. Stengel
Issuer symbol
ALLY
Transactions as of
20 Oct 2023
Net transactions value
+$2,500,022
Form type
4
Filing time
20 Oct 2023, 16:45:44 UTC
Previous filing
07 Feb 2023
Next filing
04 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALLY Common Stock Award $2,500,022 +103,951 +99% $24.05 208,544 20 Oct 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an executive-transition award of restricted stock units in support of long-term business continuity among the Issuer's leadership team in connection with the CEO transition. One-third of the restricted stock units will vest on the second anniversary of the grant date, and two-thirds of the restricted stock units will vest on the third anniversary of the grant date.
F2 Represents the per-share market value of the Issuer's common stock at the close of trading on October 20, 2023, which is the grant date of the executive-transition award.