DIXTON GRANT MICHAEL 4
Research Summary
AI-generated summary
GM EVP Grant Dixton Sells 2,919 Shares to Cover Taxes
What Happened
- Grant Dixton, Executive Vice President of General Motors (GM), had a tranche of RSUs convert into 9,759 shares when they vested, and 2,919 of those shares were sold to cover tax withholding for proceeds of $251,881. Net from that vesting he added 6,840 shares to his holdings (9,759 converted less 2,919 withheld).
- Separately, Dixton was granted 17,939 Restricted Stock Units (RSUs) on Feb 3, 2026 (reported as an award). Those RSUs have no exercise price and convert one-for-one into common shares upon vesting.
Key Details
- Transactions and filing: conversion/vesting and tax withholding occurred Feb 4, 2026 (conversion code M; withholding code F); a separate RSU award is dated Feb 3, 2026. Form 4 filed Feb 5, 2026 (appears timely under the 2-business-day rule).
- Prices and values: 2,919 shares sold for tax withholding at $86.29 per share, total proceeds $251,881. RSU awards and conversions show $0 as the grant/exercise price (RSUs settle one-for-one).
- Vesting schedules & plans: the new RSUs were awarded under GM’s 2020 Long-Term Incentive Plan and vest per the footnotes (no conversion/exercise price). Footnotes indicate different tranches: the converted 9,759 shares came from an RSU award granted Feb 4, 2025 (one-third vested Feb 4, 2026); the 17,939 RSUs awarded Feb 3, 2026 vest over future years per the stated schedule.
- Shares owned after transaction: the filing does not state total common shares owned by Dixton after these transactions (filing shows net addition of 6,840 shares from the vested tranche).
Context
- This was a typical “vest-and-sell-to-cover” transaction: RSUs vested, converted to common stock, and a portion was sold solely to satisfy tax withholding obligations (not a standalone market-sale signal).
- Awards (RSUs) are not purchases — they are compensation that converts to shares over time; pay attention to future vesting dates to know when additional shares may enter the market.