Weber Tracey Drake 4
Research Summary
AI-generated summary
Ally Financial Director Tracey Drake Weber Receives Award
What Happened
- Tracey Drake Weber, a member of Ally Financial's Board of Directors, was granted 3,632 shares reported as an acquisition/award on May 15, 2026. The award is recorded at $41.99 per share for a total value of approximately $152,508. The grant was made in the form of Deferred Stock Units (DSUs) and was fully vested upon grant.
Key Details
- Transaction date and price: May 15, 2026 @ $41.99 per share (total ~$152,508)
- Transaction code: A (award/grant)
- Instrument: Deferred Stock Units (convert 1:1 into common stock upon the reporting person’s departure from the Board)
- Vesting: Fully vested at grant (per footnote)
- Shares owned after transaction: Not specified in the Form 4 filing
- Filing timeliness: Form 4 filed May 19, 2026 — timely (within the two business-day reporting window)
Context
- These DSUs are a compensation award, not an open-market purchase; they convert to common stock one-for-one when the director leaves the Board. Because the units were fully vested on grant, the director has an immediate compensated interest, but the units do not represent currently tradable shares until conversion. Compensation grants are common for non-employee directors and do not necessarily indicate a personal buy/sell decision.