Reuss Mark L 4
Research Summary
AI-generated summary
GM President Mark Reuss Exercises RSUs, Sells Shares for Taxes
What Happened
- Mark L. Reuss, President of General Motors Co. (GM), had restricted stock units (RSUs) awarded/recorded and converted a portion into common stock. The filing shows a grant/award of 43,490 RSUs (derivative award) and an exercise/conversion of 24,814 RSUs into common shares on Feb 4, 2026.
- To satisfy tax withholding, 8,502 shares were surrendered/disposed at $86.29 per share, yielding approximately $733,638. The remaining converted shares (the net after withholding) were retained by Reuss.
Key Details
- Transaction dates: RSU award recorded 2026-02-03; exercise/conversion and tax withholding occurred 2026-02-04. Filing date: 2026-02-05.
- Prices and values: tax-withheld disposal of 8,502 shares at $86.29 = $733,638. Exercise/conversion entries show $0.00 price because RSUs convert on a one-for-one basis (no exercise price).
- Shares owned after transaction: not stated in the filing.
- Relevant footnotes:
- RSUs convert into common stock on a one-for-one basis (F1, F3).
- Awards issued under the Company’s 2020 Long-Term Incentive Plan (F2).
- Vesting schedules shown in the filing: some RSUs vest one-third on Feb 3 of 2027, 2028 and 2029 (F4); another set awarded Feb 4, 2025 had one-third vest on Feb 4, 2026 and the remainder on Feb 4, 2027 and Feb 4, 2028 (F6).
- RSUs have no stated expiration date (F5).
- Filing timeliness: filing was made 2026-02-05 for transactions in early Feb 2026; the filing does not indicate lateness.
Context
- This was a standard RSU vest/settlement event with shares withheld/surrendered to cover taxes (a common cashless settlement/tax-withholding mechanism), not an open-market sale that necessarily signals a view on the company’s prospects.
- For retail investors, purchases are generally more informative about insider sentiment; this filing documents routine compensation settlement and tax withholding.