Harvey Rory 4
Research Summary
AI-generated summary
GM EVP Rory Harvey Exercises RSUs, Sells Shares to Cover Taxes
What Happened
- Rory Harvey, Executive Vice President of General Motors, received and converted restricted stock units (RSUs) and had shares withheld/sold to satisfy tax withholding. The Form 4 reports a grant/award of 22,314 RSU-equivalents (derivative) on 2026-02-03, conversion/exercise activity of 12,161 shares on 2026-02-04, and a tax-withholding disposition of 3,279 shares at $86.29 each for $282,945. Transactions are reported as award (A), exercise/conversion of derivative (M), and tax withholding (F).
Key Details
- Transaction dates and amounts:
- 2026-02-03: Award/grant of 22,314 RSU-equivalents (A) at $0.00 (derivative).
- 2026-02-04: Exercise/conversion of derivative (M) — 12,161 shares acquired at $0.00.
- 2026-02-04: Exercise/conversion of derivative (M) — 12,161 shares disposed at $0.00 (derivative reporting).
- 2026-02-04: Tax withholding/payment (F) — 3,279 shares disposed at $86.29 each, total $282,945.
- Shares owned after the transaction: Not specified in the provided filing excerpt.
- Notable footnotes from the filing:
- RSUs convert to common stock on a one-for-one basis and have no exercise/conversion price (F1, F3).
- Awards were made under the Company’s 2020 Long-Term Incentive Plan (F2).
- Vesting schedules are disclosed in footnotes (examples: staggered vesting over 2026–2029 or 2026–2028 per F4 and F6); one-third vested in early Feb 2026 per F6.
- RSUs may have no expiration date (F5).
- Filing date and timeliness: Form filed 2026-02-05 reporting transactions on Feb 3–4, 2026. This appears to be filed within the typical two-business-day window for Form 4s.
Context
- These entries reflect compensation-related awards (RSUs) converting into shares and routine withholding/sale to cover tax obligations — this is common following RSU vesting and does not necessarily indicate a personal investment decision. The zero exercise price and the footnotes confirm these were RSU conversions (not option purchases).