Hatto Christopher 4

What Happened

• Christopher Hatto, Vice President & Chief Accounting Officer of General Motors, received a grant of 3,413 restricted stock units (RSUs) on Feb 3, 2026. The Form 4 shows conversion/exercise activity on Feb 4, 2026 and a tax withholding event in which 526 shares were surrendered at $86.29 per share to cover tax obligations ($45,389).
• The filing includes entries showing 1,965 derivative shares as both converted/acquired and disposed on Feb 4, 2026 (reported as derivative exercise/conversion). The primary economic effect reported is the RSU grant and the share withholding to satisfy taxes—routine compensation-related transactions rather than an open-market buy or sale.

Key Details

• Transaction dates: Grant on 2026-02-03; conversion/exercise and tax withholding on 2026-02-04. Form filed 2026-02-05 (period of report 2026-02-03).
• Reported amounts: 3,413 RSUs granted (A); 1,965 shares shown as converted/exercised (M) and also shown as disposed (M) on Feb 4; 526 shares withheld for taxes (F) at $86.29 each = $45,389.
• Shares owned after transaction: Not specified in the Form 4.
• Footnotes: RSUs convert one-for-one into common stock, have no exercise price, were awarded under the Company’s 2020 Long‑Term Incentive Plan, and include specified multi-year vesting schedules (see filing). One footnote notes a vesting schedule of one‑third on Feb 3 of 2027/2028/2029; another footnote references a Feb 4, 2025 award with one‑third vested Feb 4, 2026 and remaining vesting in 2027/2028.
• Filing timeliness: Filed Feb 5 for transactions on Feb 3–4 (no late filing indicated).

Context

• RSUs are compensation awards that convert into shares (one-for-one) upon vesting; companies commonly withhold shares to meet tax obligations—this withholding (F-code) is routine and does not necessarily indicate buying or selling intent in the open market.
• The Form 4 shows derivative conversion/exercise entries; this reflects conversion/settlement mechanics for RSUs rather than an option cash purchase.