GM EVP Anderson Sterling Receives RSUs; 48,820 Shares Withheld

What Happened

• Anderson Sterling, Executive Vice President of General Motors (GM), had 95,951 restricted stock units (RSUs) convert into common shares on July 29, 2026. The RSUs have no exercise price and converted one-for-one.
• To cover the tax liability on the vesting, 48,820 shares were withheld/sold at $89.40 per share, generating $4,364,508. After withholding, Sterling retained a net 47,131 shares from this vesting event.
• This is not a purchase — it’s an award vesting with tax withholding, a routine compensation event rather than an open-market buy or sell for investment purposes.

Key Details

• Transaction date: July 29, 2026; Filing date: July 31, 2026 (filed timely).
• Conversion/vesting: 95,951 RSUs converted to 95,951 common shares (transaction code M).
• Tax withholding: 48,820 shares were withheld/disposed at $89.40 per share for taxes (transaction code F), total value ~$4,364,508.
• Net shares retained from this vesting: 47,131 (95,951 − 48,820).
• Footnotes: RSUs convert one-for-one, have no exercise price, one-half of the award vested on July 29, 2026, and the remaining half vests July 29, 2027; RSUs will be fully settled by July 29, 2027.
• The filing does not indicate any 10b5-1 plan or suggest a market-timing sale beyond tax withholding.

Context

• This was a standard RSU vesting and tax-withholding (cashless) transaction — common for executive compensation. Such withholdings are routine and don’t necessarily signal the insider’s market view.
• For clarity: transaction code M denotes exercise/conversion of a derivative (RSU conversion here); F denotes shares used to pay tax liabilities.