WHITMAN MARGARET C 4
4 · General Motors Co · Filed Jan 4, 2022
Insider Transaction Report
Form 4
WHITMAN MARGARET C
Director
Transactions
- Award
Deferred Share Units
2021-12-31$56.78/sh+4,085$231,946→ 4,085 total→ Common Stock (4,085 underlying)
Footnotes (3)
- [F1]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.
- [F2]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. The deferred portion of the retainer fee is pro-rated for a partial year of service and converted to DSUs based on the average closing price of the Company's Common Stock during the period of service.
- [F3]The Reporting Person's annual retainer fee was pro-rated for a partial year of service, therefore, the price of the DSUs is the average closing price of the Company's Common Stock during the period of service.