R. Timmerman - Oct 20, 2023 Form 4 Insider Report for Ally Financial Inc. (ALLY)

Role
President, Auto Finance
Signature
/s/ Jeffrey A. Belisle, attorney-in-fact for Mr. Timmerman
Stock symbol
ALLY
Transactions as of
Oct 20, 2023
Transactions value $
$8,000,016
Form type
4
Date filed
10/20/2023, 04:46 PM
Previous filing
Apr 28, 2023
Next filing
Jan 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALLY Common Stock Award $8M +333K +198.37% $24.05 500K Oct 20, 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.