Hutchinson Russell E. 4
Research Summary
AI-generated summary
Ally (ALLY) CFO Russell E. Hutchinson Receives 38,298-Share Award
What Happened
- Russell E. Hutchinson, Chief Financial Officer of Ally Financial (ALLY), was granted 38,298 restricted stock units (RSUs) on 2026-02-03 at a reported per-share value of $42.30 (total value $1,620,005).
- To satisfy tax obligations tied to a prior RSU vesting, 9,767 shares were withheld by the company on 2026-01-30 (5,318 shares withheld valued at $224,951 and 4,449 shares withheld valued at $188,193; both at $42.30 per share). The withholding transactions are reported as disposals for tax purposes (code F).
Key Details
- Transaction dates and amounts:
- 2026-01-30: 5,318 shares withheld @ $42.30 = $224,951 (F — tax withholding)
- 2026-01-30: 4,449 shares withheld @ $42.30 = $188,193 (F — tax withholding)
- 2026-02-03: 38,298 RSU award @ $42.30 = $1,620,005 (A — grant/award)
- Shares owned after transaction: Not specified in this filing.
- Notable footnotes:
- F1: Shares were withheld by the company to satisfy the reporting person's tax obligation associated with vesting of a previously reported RSU award.
- F2: $42.30 is the per-share market value as of January 28, 2026.
- F3: These RSUs, when vested, may be settled only in shares of company common stock.
- F4: Refers to the company’s Series B preferred; not directly part of these transactions.
- Timeliness: Filing dated 2026-02-03 covers events on 2026-01-30 and 2026-02-03 and was submitted within the standard 2-business-day Form 4 reporting window.
Context
- The 38,298-item line represents a granted award of RSUs (an acquisition), which is different from an open-market purchase and typically reflects compensation rather than a discretionary buy.
- The withheld shares are a routine, administrative tax-withholding action tied to vesting and should not be read as a market sale motivated by liquidity or sentiment.