WENIG DEVIN 4
4 · General Motors Co · Filed Jan 5, 2021
Insider Transaction Report
Form 4
WENIG DEVIN
Director
Transactions
- Award
Deferred Share Units
2020-12-31$18.32/sh+343$6,284→ 24,461 total→ Common Stock (343 underlying) - Award
Deferred Share Units
2020-12-31$30.48/sh+10,157$309,585→ 24,118 total→ Common Stock (10,157 underlying)
Footnotes (6)
- [F1]Deferred Share Units ("DSUs") were awarded pursuant to the General Motors Company Deferred Compensation Plan for Non-Employee Directors (the "Plan"). Under the Plan, each non-employee director is required to defer one-half of the $305,000 annual retainer fee for service on the Board of Directors into DSUs and may elect to defer more.
- [F2]Amounts credited as DSUs will be paid in cash after the non-employee director leaves the Board, valued at the average closing price of the Company's Common Stock during the quarter immediately preceding payment.
- [F3]The price of the DSUs is the average closing price of the Company's Common Stock during the previous calendar year.
- [F4]Represents dividends accrued on DSUs in 2020 that were credited as additional DSUs at the end of the year pursuant to the terms of the Plan.
- [F5]The dividends were converted to DSUs based on the average of the high and low trading price of the Company's Common Stock on the applicable dividend payment date.
- [F6]This number includes 5,928 DSUs (previously reported on a Form 4 filed January 3, 2019) and 8,033 DSUs (previously reported on a Form 4 filed January 3, 2020) that were identified as Common Stock in Column 1 due to an administrative error.