Mary Barra trims GM (NYSE: GM) stake and exercises vested options
Rhea-AI Filing Summary
General Motors Chair & CEO Mary Barra reported a series of option exercises and share sales in GM common stock. She exercised stock options covering 269,828 shares at exercise prices of $41.40, $49.46 and $52.16 per share, converting derivative awards into common stock. Over May 26–28, she then sold 453,402 shares in open-market transactions at weighted average prices ranging from $80.00 to $85.19 per share. After these transactions, she directly owns 592,242 shares of GM common stock and holds 215,766 employee stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 59,762 | $0.00 | -- |
| Exercise | Common Stock | 59,762 | $41.40 | $2.47M |
| Sale | Common Stock | 59,762 | $85.03 | $5.08M |
| Sale | Common Stock | 75,192 | $85.03 | $6.39M |
| Sale | Common Stock | 103,057 | $82.32 | $8.48M |
| Exercise | Employee Stock Option (Right to Buy) | 91,843 | $0.00 | -- |
| Exercise | Employee Stock Option (Right to Buy) | 69,564 | $0.00 | -- |
| Exercise | Employee Stock Option (Right to Buy) | 48,659 | $0.00 | -- |
| Exercise | Common Stock | 91,843 | $41.40 | $3.80M |
| Sale | Common Stock | 91,843 | $80.01 | $7.35M |
| Exercise | Common Stock | 69,564 | $49.46 | $3.44M |
| Sale | Common Stock | 69,564 | $80.01 | $5.57M |
| Exercise | Common Stock | 48,659 | $52.16 | $2.54M |
| Sale | Common Stock | 48,659 | $80.01 | $3.89M |
| Sale | Common Stock | 5,325 | $80.01 | $426K |
Footnotes (1)
- The price in Column 4 is the weighted average selling price of the shares. The shares were sold in multiple transactions at prices from $80.00 to $80.16, inclusive. The Reporting Person undertakes to provide to the SEC, GM and any security holder, upon request, full information regarding the number of shares sold at each price point within the ranges set forth in this footnote. The price in Column 4 is the weighted average selling price of the shares. The shares were sold in multiple transactions at prices from $80.89 to $83.07, inclusive. The Reporting Person undertakes to provide to the SEC, GM and any security holder, upon request, full information regarding the number of shares sold at each price point within the ranges set forth in this footnote. The price in Column 4 is the weighted average selling price of the shares. The shares were sold in multiple transactions at prices from $85.00 to $85.19, inclusive. The Reporting Person undertakes to provide to the SEC, GM and any security holder, upon request, full information regarding the number of shares sold at each price point within the ranges set forth in this footnote. These stock options were granted on February 7, 2023, and are fully vested. These stock options were granted on February 8, 2022, and are fully vested. These stock options were granted on February 18, 2021, and are fully vested.
Key Figures
Key Terms
open-market sale financial
Employee Stock Option (Right to Buy) financial
weighted average selling price financial
fully vested financial
FAQ
What did GM CEO Mary Barra report in this Form 4 filing for GM?
Mary Barra reported exercising stock options and selling GM common shares. She converted 269,828 options into stock, then sold 453,402 shares in open-market transactions while retaining 592,242 shares and 215,766 options.
How many GM stock options did Mary Barra exercise in this Form 4?
She exercised stock options on 269,828 underlying GM shares. These options had exercise prices of $41.40, $49.46 and $52.16 per share and were previously granted and fully vested before these transactions.
Were Mary Barra’s GM stock option grants already vested before exercise?
Yes. The filing notes that the exercised stock options were granted on February 18, 2021, February 8, 2022 and February 7, 2023, and states that each of these option grants is fully vested.