Through an SEC filing that occured February 18, former vice chairman of General Motors, Stephen Girsky sold approximately 25,000 shares of company stock, valued at $900,250, at $36.01 per share. Girsky still holds on to 161,077 shares of the company’s stock, valued at approximately $5,800,383.
Following the executive restructuring in December that involved Mary Barra’s promotion to CEO, Girsky was announced that he will leave the company this April, but will remain in some form of an advisory role before doing so.
Comments
No reason to couple yourself to one stock, even if it is the company you are devoted to. By diversifying he creates a safety net in case the unthinkable happens again, plus he is probably having a little fun trading in other companies, funds, or commodities.
@ Joe Devoted to the company? The only thing he is devoted to is his wallet, which is lined in part with your tax dollars.
Y’all really believe a truck made of cheap Mexican labor and cheap Chinese parts is so expensive to build they have to charge more than $30k for a two wheel drive V6 model?
The stocks are part of his income and meant to be spent. No use saving it all till you are too old to use it. He is only selling a small portion of what he owns.
It is his money and compensation and it is his to do as he pleases. Hell he may be cashing some out for the new McLaren P1 he has on order.
magirus you really have no clue how the real world works do you? It shows.
This is not a big deal as it is only 25K shares and he is still holding onto 161,077 shares. It is called compensation ad he is just cashing some out for other investments or just to do something in his personal life.