Russell E. Hutchinson - 20 Oct 2023 Form 4 Insider Report for Ally Financial Inc. (ALLY)

Role
Chief Financial Officer
Signature
/s/ Jeffrey A. Belisle, attorney-in-fact for Mr. Hutchinson
Issuer symbol
ALLY
Transactions as of
20 Oct 2023
Net transactions value
+$1,750,022
Form type
4
Filing time
20 Oct 2023, 16:52:20 UTC
Previous filing
25 Jul 2023
Next filing
30 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 $1,750,022 +72,766 +84% $24.05 159,875 20 Oct 2023 Direct F1, F2
holding ALLY Series B Preferred Stock 6,000 20 Oct 2023 Direct F3
* 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.
F3 4.700% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B