Earnings Feed
Start Free
General Motors Co·4

Feb 10, 4:05 PM ET

Hatto Christopher 4

Research Summary

AI-generated summary

Updated

GM VP & CAO Christopher Hatto Receives Awards, Withholds Shares

What Happened

  • Christopher Hatto, Vice President & Chief Accounting Officer of General Motors (GM), received equity from vested awards and had shares withheld to cover tax liabilities. On Feb 6–7, 2026 he was awarded/received a total of 31,845 shares (2,411 from a derivative conversion on Feb 6 and 29,434 from vested Performance Stock Units on Feb 7). To cover tax withholding, 12,602 shares were surrendered/disposed at $84.24 per share, producing proceeds of about $1,061,593 (two withholdings: 645 shares = $54,335; 11,957 shares = $1,007,258). The Form 4 was filed on Feb 10, 2026 (timely).

Key Details

  • Transaction dates and prices:
    • Feb 6, 2026: conversion/exercise of derivative — 2,411 shares acquired at $0; same 2,411 shown disposed as derivative (per filing).
    • Feb 6, 2026: tax withholding — 645 shares disposed at $84.24 ($54,335).
    • Feb 7, 2026: award/vesting — 29,434 shares (PSUs) acquired at $0.
    • Feb 7, 2026: tax withholding — 11,957 shares disposed at $84.24 ($1,007,258).
  • Net effect from these events: 31,845 shares were issued/converted and 12,602 shares were withheld for taxes, leaving 19,243 net newly retained shares from these awards (filing also separately shows the 2,411 derivative disposition).
  • Shares owned after transaction: not specified in the provided excerpt of the filing.
  • Footnotes of note:
    • PSUs granted Feb 7, 2023 vested Feb 7, 2026 and were paid in common stock.
    • RSUs convert one-for-one into common stock; certain RSUs awarded Feb 6, 2024 vested in tranches (Feb 6, 2025 and Feb 6, 2026) with the remainder vesting Feb 6, 2027.
    • Tax withholding transactions are coded F (payment of exercise price or tax liability).
  • Filing timeliness: Form 4 filed Feb 10, 2026 — appears timely relative to Feb 6–7 transactions.

Context

  • These transactions reflect award vesting and tax withholding rather than open-market buy/sell activity. Withholdings are routine to satisfy tax obligations and do not necessarily indicate a change in insider sentiment.
  • The filing includes derivative conversion/exercise entries; in plain terms, previously held derivative awards were converted into shares, and some shares were then used to satisfy withholding.