RHODES MICHAEL GEORGE 4
Research Summary
AI-generated summary
Ally Financial CEO Michael Rhodes Buys 23,800 Shares
What Happened Michael G. Rhodes, CEO of Ally Financial Inc., reported open-market purchases totaling 23,800 shares on January 23, 2026. The transactions were executed at a weighted average price of $41.68 per share for a total reported cost of $991,867. This was a purchase transaction (Form 4 code P), which reflects an insider buying shares rather than selling them.
Key Details
- Transaction date: 2026-01-23 (filed the same day; timely filing).
- Quantity and price: 23,800 shares; weighted average price $41.68; total ~ $991,867.
- Price range: purchases occurred in multiple trades at prices from $41.34 to $41.88 (footnote F1).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Notable footnotes:
- F1: Weighted average price; full per-trade breakdown available on request.
- F2: Some reported shares are held by a trust for which Rhodes is the sole beneficiary.
- Transaction code: P (purchase).
Context Insider purchases are often of interest to retail investors because they can indicate confidence by management, but filings do not state the insider’s motive. The purchase here was an outright open-market buy (not an option exercise or award). If you need the exact per-trade prices or the updated total holdings after this trade, the filer has committed to provide that detail on request or it can be found in the full Form 4 on the SEC EDGAR system (Accession 0001235350-26-000001).