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{
"acronym_definitions": [
{
"acronym": "2023 Form 10-K",
"meaning": "GM’s Annual Report on Form 10-K for the year ended December 31, 2023"
},
{
"acronym": "AAFCF",
"meaning": "Adjusted Automotive Free Cash Flow"
},
{
"acronym": "Annual Meeting",
"meaning": "GM’s Annual Meeting of Shareholders to be held on June 4, 2024"
},
{
"acronym": "AAOCF",
"meaning": "Adjusted Automotive Operating Cash Flow"
},
{
"acronym": "AV",
"meaning": "Autonomous Vehicle"
},
{
"acronym": "Board",
"meaning": "GM’s Board of Directors"
},
{
"acronym": "Bylaws",
"meaning": "GM’s Amended and Restated Bylaws, dated as of April 19, 2023"
},
{
"acronym": "CAP",
"meaning": "Compensation Actually Paid"
},
{
"acronym": "CEO",
"meaning": "Chief Executive Officer"
},
{
"acronym": "CFO",
"meaning": "Chief Financial Officer"
},
{
"acronym": "Code of Conduct",
"meaning": "GM’s Code of Conduct: “Winning with Integrity”"
},
{
"acronym": "Compensation Committee",
"meaning": "Executive Compensation Committee"
},
{
"acronym": "DB",
"meaning": "Defined Benefit"
},
{
"acronym": "DC",
"meaning": "Defined Contribution"
},
{
"acronym": "DE&I",
"meaning": "Diversity, Equity, and Inclusion"
},
{
"acronym": "Director Compensation Plan",
"meaning": "General Motors Company Deferred Compensation Plan for Non-Employee Directors"
},
{
"acronym": "DSU",
"meaning": "Deferred Share Unit"
},
{
"acronym": "EBIT",
"meaning": "Earnings Before Interest and Taxes"
},
{
"acronym": "EPS",
"meaning": "Earnings Per Share"
},
{
"acronym": "ESG",
"meaning": "Environmental, Social, and Governance"
},
{
"acronym": "EUV",
"meaning": "Electric Utility Vehicle"
},
{
"acronym": "EV",
"meaning": "Electric Vehicle"
},
{
"acronym": "EY",
"meaning": "Ernst & Young LLP"
},
{
"acronym": "GAAP",
"meaning": "U.S. Generally Accepted Accounting Principles"
},
{
"acronym": "GHG",
"meaning": "Greenhouse Gas"
},
{
"acronym": "GICS",
"meaning": "Global Industry Classification Standard"
},
{
"acronym": "GM, General Motors, or the Company",
"meaning": "General Motors Company"
},
{
"acronym": "GM Financial",
"meaning": "General Motors Financial Company, Inc."
},
{
"acronym": "GMI",
"meaning": "GM International"
},
{
"acronym": "GMNA",
"meaning": "GM North America"
},
{
"acronym": "Governance Committee",
"meaning": "Governance and Corporate Responsibility Committee"
},
{
"acronym": "ICE",
"meaning": "Internal Combustion Engine"
},
{
"acronym": "IRC",
"meaning": "Internal Revenue Code"
},
{
"acronym": "LTIP",
"meaning": "Long-Term Incentive Plan"
},
{
"acronym": "M&A",
"meaning": "Mergers and Acquisitions"
},
{
"acronym": "NEO",
"meaning": "Named Executive Officer"
},
{
"acronym": "Notice",
"meaning": "Notice Regarding the Availability of Proxy Materials"
},
{
"acronym": "NQ",
"meaning": "Nonqualified"
},
{
"acronym": "NYSE",
"meaning": "New York Stock Exchange"
},
{
"acronym": "OEM",
"meaning": "Original Equipment Manufacturer"
},
{
"acronym": "PAC",
"meaning": "Political Action Committee"
},
{
"acronym": "Proxies",
"meaning": "Mary T. Barra, Craig B. Glidden, and John S. Kim"
},
{
"acronym": "PSU",
"meaning": "Performance Share Unit"
},
{
"acronym": "R&D",
"meaning": "Research and Development"
},
{
"acronym": "ROIC",
"meaning": "Return on Invested Capital"
},
{
"acronym": "RSU",
"meaning": "Restricted Stock Unit"
},
{
"acronym": "SAR",
"meaning": "Stock Appreciation Right"
},
{
"acronym": "SCT",
"meaning": "Summary Compensation Table"
},
{
"acronym": "SEC",
"meaning": "U.S. Securities and Exchange Commission"
},
{
"acronym": "Senior Leadership Team",
"meaning": "Certain members of management who report directly to the CEO or the President"
},
{
"acronym": "Shares",
"meaning": "Unless otherwise indicated, GM’s Common Stock, $0.01 par value per share"
},
{
"acronym": "STIP",
"meaning": "Short-Term Incentive Plan"
},
{
"acronym": "TSR",
"meaning": "Total Shareholder Return"
},
{
"acronym": "WACC",
"meaning": "Weighted Average Cost of Capital"
}
],
"annual_meeting_date": "2024-06-04",
"annual_meeting_place": "Online via live webcast at: virtualshareholdermeeting.com/GM2024",
"annual_meeting_record_date": "2024-04-15",
"annual_meeting_time": "11:00 a.m. Eastern Time",
"audit_fees": [
{
"amount_millions_usd": 23,
"fee_type": "Audit",
"fiscal_year": 2023
},
{
"amount_millions_usd": 21,
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"fiscal_year": 2022
},
{
"amount_millions_usd": 5,
"fee_type": "Audit-Related",
"fiscal_year": 2023
},
{
"amount_millions_usd": 5,
"fee_type": "Audit-Related",
"fiscal_year": 2022
},
{
"amount_millions_usd": 1,
"fee_type": "Tax",
"fiscal_year": 2023
},
{
"amount_millions_usd": 2,
"fee_type": "Tax",
"fiscal_year": 2022
},
{
"amount_millions_usd": 30,
"fee_type": "Subtotal",
"fiscal_year": 2023
},
{
"amount_millions_usd": 27,
"fee_type": "Subtotal",
"fiscal_year": 2022
},
{
"amount_millions_usd": 2,
"fee_type": "All Other Services",
"fiscal_year": 2023
},
{
"amount_millions_usd": 2,
"fee_type": "All Other Services",
"fiscal_year": 2022
},
{
"amount_millions_usd": 31,
"fee_type": "TOTAL",
"fiscal_year": 2023
},
{
"amount_millions_usd": 29,
"fee_type": "TOTAL",
"fiscal_year": 2022
}
],
"board_committees": [
{
"chair_name": "Thomas M. Schoewe",
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"meetings_held": 8,
"members": [
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},
{
"chair_name": "Wesley G. Bush",
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},
{
"chair_name": "Joseph Jimenez",
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"members": [
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},
{
"chair_name": "Patricia F. Russo",
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"members": [
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},
{
"chair_name": "Linda R. Gooden",
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},
{
"chair_name": "Mary T. Barra",
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}
],
"board_nominees": [
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}
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"director_since_year": 2014,
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"race_ethnicity": "White"
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}
],
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}
],
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}
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}
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}
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}
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}
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}
],
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{
"adjustment_line": "Change in Fair Value of Option Awards that Vested in the Covered Year",
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{
"adjustment_line": "Change in Fair Value of Option Awards that Vested in the Covered Year",
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},
{
"adjustment_line": "Change in Fair Value of Option Awards that Vested in the Covered Year",
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{
"adjustment_line": "Change in Fair Value of Option Awards that Vested in the Covered Year",
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},
{
"adjustment_line": "Change in Fair Value of Option Awards that Vested in the Covered Year",
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{
"adjustment_line": "Change in Fair Value of Option Awards that Vested in the Covered Year",
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{
"adjustment_line": "Change in Fair Value of Option Awards that Vested in the Covered Year",
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{
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{
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{
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{
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{
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{
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{
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{
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{
"adjustment_line": "CAP Total",
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{
"adjustment_line": "CAP Total",
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},
{
"adjustment_line": "CAP Total",
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{
"adjustment_line": "CAP Total",
"amount_usd": -2724335,
"population": "Average Non-CEO NEOs",
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{
"adjustment_line": "CAP Total",
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{
"adjustment_line": "CAP Total",
"amount_usd": 19443928,
"population": "Average Non-CEO NEOs",
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{
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{
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{
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},
{
"director_name": "Jonathan McNeill",
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},
{
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{
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{
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{
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{
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},
{
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{
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{
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{
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{
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{
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{
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{
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{
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{
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{
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{
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{
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{
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{
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{
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{
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{
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{
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{
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{
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{
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},
{
"director_name": "Wesley G. Bush",
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{
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{
"director_name": "Linda R. Gooden",
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{
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},
{
"owner_category": "Non-Employee Directors",
"owner_name": "Thomas M. Schoewe",
"percentage_outstanding_text": "*",
"shares_beneficially_owned": 22005
},
{
"owner_category": "Non-Employee Directors",
"owner_name": "Mark A. Tatum",
"percentage_outstanding_text": "*",
"shares_beneficially_owned": null
},
{
"owner_category": "Non-Employee Directors",
"owner_name": "Jan E. Tighe",
"percentage_outstanding_text": "*",
"shares_beneficially_owned": null
},
{
"owner_category": "Non-Employee Directors",
"owner_name": "Devin N. Wenig",
"percentage_outstanding_text": "*",
"shares_beneficially_owned": null
},
{
"owner_category": "Named Executive Officers",
"owner_name": "Mary T. Barra",
"percentage_outstanding_text": "*",
"shares_beneficially_owned": 4674779
},
{
"owner_category": "Named Executive Officers",
"owner_name": "Paul A. Jacobson",
"percentage_outstanding_text": "*",
"shares_beneficially_owned": 520675
},
{
"owner_category": "Named Executive Officers",
"owner_name": "Mark L. Reuss",
"percentage_outstanding_text": "*",
"shares_beneficially_owned": 1261061
},
{
"owner_category": "Named Executive Officers",
"owner_name": "Michael Abbott",
"percentage_outstanding_text": "*",
"shares_beneficially_owned": 74284
},
{
"owner_category": "Named Executive Officers",
"owner_name": "Craig B. Glidden",
"percentage_outstanding_text": "*",
"shares_beneficially_owned": 700574
},
{
"owner_category": "Named Executive Officers",
"owner_name": "All Directors and Executive Officers as a Group (21 persons), including the foregoing",
"percentage_outstanding_text": "*",
"shares_beneficially_owned": 8197706
},
{
"owner_category": "Certain Other Beneficial Owners",
"owner_name": "BlackRock, Inc.",
"percentage_outstanding_text": "12%",
"shares_beneficially_owned": 136950373
},
{
"owner_category": "Certain Other Beneficial Owners",
"owner_name": "The Vanguard Group",
"percentage_outstanding_text": "9.7%",
"shares_beneficially_owned": 111623432
}
],
"stip_performance_results": [
{
"maximum_200_text": "$ 17.4",
"measure_name": "EBIT-adjusted ($B)",
"payout_150_text": "$ 16.4",
"payout_50_text": "$12.4",
"performance_result_text": "$ 15.1",
"target_100_text": "$ 14.4",
"threshold_25_text": "$ 8.5",
"weight_percent": 50
},
{
"maximum_200_text": "$ 9.3",
"measure_name": "AAFCF ($B)",
"payout_150_text": "$ 8.3",
"payout_50_text": "$ 4.3",
"performance_result_text": "$ 8.4",
"target_100_text": "$ 6.3",
"threshold_25_text": "$ 0.4",
"weight_percent": 25
},
{
"maximum_200_text": "50 pts.",
"measure_name": "Strategic Goals",
"payout_150_text": "—",
"payout_50_text": "—",
"performance_result_text": "25-35 pts.",
"target_100_text": "25 pts.",
"threshold_25_text": "0 pts.",
"weight_percent": 25
}
],
"stock_awards_vested": [
{
"executive_name": "Mary T. Barra",
"shares_acquired_on_vesting": 440618,
"value_realized_on_vesting_usd": 18219554
},
{
"executive_name": "Paul A. Jacobson",
"shares_acquired_on_vesting": 76976,
"value_realized_on_vesting_usd": 2931444
},
{
"executive_name": "Mark L. Reuss",
"shares_acquired_on_vesting": 174779,
"value_realized_on_vesting_usd": 7227112
},
{
"executive_name": "Michael Abbott",
"shares_acquired_on_vesting": null,
"value_realized_on_vesting_usd": null
},
{
"executive_name": "Craig B. Glidden",
"shares_acquired_on_vesting": 82432,
"value_realized_on_vesting_usd": 3408563
}
],
"summary_compensation": [
{
"all_other_compensation_usd": 997392,
"bonus_usd": null,
"executive_name": "Mary T. Barra",
"non_equity_incentive_plan_compensation_usd": 5250000,
"option_awards_usd": 4875013,
"pension_value_and_nq_deferred_earnings_usd": null,
"salary_usd": 2100000,
"stock_awards_usd": 14625000,
"total_usd": 27847405,
"year": 2023
},
{
"all_other_compensation_usd": 1121560,
"bonus_usd": null,
"executive_name": "Mary T. Barra",
"non_equity_incentive_plan_compensation_usd": 6258000,
"option_awards_usd": 4875010,
"pension_value_and_nq_deferred_earnings_usd": null,
"salary_usd": 2100000,
"stock_awards_usd": 14625000,
"total_usd": 28979570,
"year": 2022
},
{
"all_other_compensation_usd": 873075,
"bonus_usd": null,
"executive_name": "Mary T. Barra",
"non_equity_incentive_plan_compensation_usd": 7644000,
"option_awards_usd": 3937507,
"pension_value_and_nq_deferred_earnings_usd": null,
"salary_usd": 2100000,
"stock_awards_usd": 14582198,
"total_usd": 29136780,
"year": 2021
},
{
"all_other_compensation_usd": 186421,
"bonus_usd": null,
"executive_name": "Paul A. Jacobson",
"non_equity_incentive_plan_compensation_usd": 1687500,
"option_awards_usd": 2062503,
"pension_value_and_nq_deferred_earnings_usd": null,
"salary_usd": 1000000,
"stock_awards_usd": 6187500,
"total_usd": 11123924,
"year": 2023
},
{
"all_other_compensation_usd": 223425,
"bonus_usd": null,
"executive_name": "Paul A. Jacobson",
"non_equity_incentive_plan_compensation_usd": 1862500,
"option_awards_usd": 1787513,
"pension_value_and_nq_deferred_earnings_usd": null,
"salary_usd": 1000000,
"stock_awards_usd": 5362500,
"total_usd": 10235938,
"year": 2022
},
{
"all_other_compensation_usd": 155422,
"bonus_usd": null,
"executive_name": "Paul A. Jacobson",
"non_equity_incentive_plan_compensation_usd": 2250000,
"option_awards_usd": 1312502,
"pension_value_and_nq_deferred_earnings_usd": null,
"salary_usd": 1000000,
"stock_awards_usd": 4860724,
"total_usd": 9578648,
"year": 2021
},
{
"all_other_compensation_usd": 522168,
"bonus_usd": null,
"executive_name": "Mark L. Reuss",
"non_equity_incentive_plan_compensation_usd": 2109400,
"option_awards_usd": 3490634,
"pension_value_and_nq_deferred_earnings_usd": 22215,
"salary_usd": 1350000,
"stock_awards_usd": 10471875,
"total_usd": 17966292,
"year": 2023
},
{
"all_other_compensation_usd": 438250,
"bonus_usd": null,
"executive_name": "Mark L. Reuss",
"non_equity_incentive_plan_compensation_usd": 2598800,
"option_awards_usd": 2490626,
"pension_value_and_nq_deferred_earnings_usd": null,
"salary_usd": 1350000,
"stock_awards_usd": 7471875,
"total_usd": 14349551,
"year": 2022
},
{
"all_other_compensation_usd": 348119,
"bonus_usd": null,
"executive_name": "Mark L. Reuss",
"non_equity_incentive_plan_compensation_usd": 3038800,
"option_awards_usd": 1668752,
"pension_value_and_nq_deferred_earnings_usd": null,
"salary_usd": 1300000,
"stock_awards_usd": 6180076,
"total_usd": 12535747,
"year": 2021
},
{
"all_other_compensation_usd": 49197,
"bonus_usd": 1500000,
"executive_name": "Michael Abbott",
"non_equity_incentive_plan_compensation_usd": 1350000,
"option_awards_usd": null,
"pension_value_and_nq_deferred_earnings_usd": null,
"salary_usd": 488889,
"stock_awards_usd": 17000001,
"total_usd": 20388087,
"year": 2023
},
{
"all_other_compensation_usd": 221674,
"bonus_usd": null,
"executive_name": "Craig B. Glidden",
"non_equity_incentive_plan_compensation_usd": 1856300,
"option_awards_usd": 1632807,
"pension_value_and_nq_deferred_earnings_usd": null,
"salary_usd": 893750,
"stock_awards_usd": 6898406,
"total_usd": 11502937,
"year": 2023
}
],
"termination_payment_estimates": [
{
"change_in_control_with_termination_usd": 4238798,
"compensation_element": "Cash",
"death_usd": null,
"disability_usd": null,
"executive_name": "Mary T. Barra",
"executive_severance_program_usd": 4253798,
"retirement_usd": null,
"voluntary_or_for_cause_usd": null
},
{
"change_in_control_with_termination_usd": 4200000,
"compensation_element": "STIP",
"death_usd": 5250000,
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"executive_name": "Mary T. Barra",
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"voluntary_or_for_cause_usd": null
},
{
"change_in_control_with_termination_usd": 27895364,
"compensation_element": "LTIP",
"death_usd": 27895364,
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"executive_name": "Mary T. Barra",
"executive_severance_program_usd": 6019689,
"retirement_usd": 27895364,
"voluntary_or_for_cause_usd": null
},
{
"change_in_control_with_termination_usd": 36334162,
"compensation_element": "TOTAL",
"death_usd": 33145364,
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"executive_name": "Mary T. Barra",
"executive_severance_program_usd": 14473487,
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},
{
"change_in_control_with_termination_usd": 1519820,
"compensation_element": "Cash",
"death_usd": null,
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"executive_name": "Paul A. Jacobson",
"executive_severance_program_usd": 1534820,
"retirement_usd": null,
"voluntary_or_for_cause_usd": null
},
{
"change_in_control_with_termination_usd": 1250000,
"compensation_element": "STIP",
"death_usd": 1562500,
"disability_usd": 1562500,
"executive_name": "Paul A. Jacobson",
"executive_severance_program_usd": 1250000,
"retirement_usd": null,
"voluntary_or_for_cause_usd": null
},
{
"change_in_control_with_termination_usd": 10680309,
"compensation_element": "LTIP",
"death_usd": 10680309,
"disability_usd": 10680309,
"executive_name": "Paul A. Jacobson",
"executive_severance_program_usd": 2006563,
"retirement_usd": null,
"voluntary_or_for_cause_usd": null
},
{
"change_in_control_with_termination_usd": 13450129,
"compensation_element": "TOTAL",
"death_usd": 12242809,
"disability_usd": 12242809,
"executive_name": "Paul A. Jacobson",
"executive_severance_program_usd": 4791383,
"retirement_usd": null,
"voluntary_or_for_cause_usd": null
},
{
"change_in_control_with_termination_usd": 2054099,
"compensation_element": "Cash",
"death_usd": null,
"disability_usd": null,
"executive_name": "Mark L. Reuss",
"executive_severance_program_usd": 2069099,
"retirement_usd": null,
"voluntary_or_for_cause_usd": null
},
{
"change_in_control_with_termination_usd": 1687500,
"compensation_element": "STIP",
"death_usd": 2109400,
"disability_usd": 2109400,
"executive_name": "Mark L. Reuss",
"executive_severance_program_usd": 1687500,
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"voluntary_or_for_cause_usd": null
},
{
"change_in_control_with_termination_usd": 16100637,
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"executive_name": "Mark L. Reuss",
"executive_severance_program_usd": 2551218,
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"voluntary_or_for_cause_usd": null
},
{
"change_in_control_with_termination_usd": 19842236,
"compensation_element": "TOTAL",
"death_usd": 18210037,
"disability_usd": 18210037,
"executive_name": "Mark L. Reuss",
"executive_severance_program_usd": 6307817,
"retirement_usd": 18210037,
"voluntary_or_for_cause_usd": null
},
{
"change_in_control_with_termination_usd": 1229099,
"compensation_element": "Cash",
"death_usd": null,
"disability_usd": null,
"executive_name": "Michael Abbott",
"executive_severance_program_usd": 1244099,
"retirement_usd": null,
"voluntary_or_for_cause_usd": null
},
{
"change_in_control_with_termination_usd": 1000000,
"compensation_element": "STIP",
"death_usd": 1250000,
"disability_usd": 1250000,
"executive_name": "Michael Abbott",
"executive_severance_program_usd": 1000000,
"retirement_usd": null,
"voluntary_or_for_cause_usd": null
},
{
"change_in_control_with_termination_usd": 15673512,
"compensation_element": "LTIP",
"death_usd": 15673512,
"disability_usd": 15673512,
"executive_name": "Michael Abbott",
"executive_severance_program_usd": 7836774,
"retirement_usd": null,
"voluntary_or_for_cause_usd": null
},
{
"change_in_control_with_termination_usd": 17902611,
"compensation_element": "TOTAL",
"death_usd": 16923512,
"disability_usd": 16923512,
"executive_name": "Michael Abbott",
"executive_severance_program_usd": 10080873,
"retirement_usd": null,
"voluntary_or_for_cause_usd": null
},
{
"change_in_control_with_termination_usd": 1671999,
"compensation_element": "Cash",
"death_usd": null,
"disability_usd": null,
"executive_name": "Craig B. Glidden",
"executive_severance_program_usd": 1686999,
"retirement_usd": null,
"voluntary_or_for_cause_usd": null
},
{
"change_in_control_with_termination_usd": 1375000,
"compensation_element": "STIP",
"death_usd": 1718800,
"disability_usd": 1718800,
"executive_name": "Craig B. Glidden",
"executive_severance_program_usd": 1375000,
"retirement_usd": 1718800,
"voluntary_or_for_cause_usd": null
},
{
"change_in_control_with_termination_usd": 10080985,
"compensation_element": "LTIP",
"death_usd": 10080985,
"disability_usd": 10080985,
"executive_name": "Craig B. Glidden",
"executive_severance_program_usd": 1433316,
"retirement_usd": 10080985,
"voluntary_or_for_cause_usd": null
},
{
"change_in_control_with_termination_usd": 13127984,
"compensation_element": "TOTAL",
"death_usd": 11799785,
"disability_usd": 11799785,
"executive_name": "Craig B. Glidden",
"executive_severance_program_usd": 4495315,
"retirement_usd": 11799785,
"voluntary_or_for_cause_usd": null
}
],
"voting_matters": [
{
"abstentions_effect": "No effect",
"agenda_item_number": 1,
"approval_requirement": "Majority of votes cast",
"board_recommendation": "FOR each director nominee",
"broker_non_votes_effect": "No effect"
},
{
"abstentions_effect": "Counted as “AGAINST”",
"agenda_item_number": 2,
"approval_requirement": "Majority of shares present (in person or by proxy) and entitled to vote",
"board_recommendation": "FOR",
"broker_non_votes_effect": "Discretionary vote"
},
{
"abstentions_effect": "Counted as “AGAINST”",
"agenda_item_number": 3,
"approval_requirement": "Majority of shares present (in person or by proxy) and entitled to vote",
"board_recommendation": "FOR",
"broker_non_votes_effect": "No effect"
},
{
"abstentions_effect": "Counted as “AGAINST”",
"agenda_item_number": 4,
"approval_requirement": "Majority of shares present (in person or by proxy) and entitled to vote",
"board_recommendation": "AGAINST",
"broker_non_votes_effect": "No effect"
},
{
"abstentions_effect": "Counted as “AGAINST”",
"agenda_item_number": 5,
"approval_requirement": "Majority of shares present (in person or by proxy) and entitled to vote",
"board_recommendation": "AGAINST",
"broker_non_votes_effect": "No effect"
},
{
"abstentions_effect": "Counted as “AGAINST”",
"agenda_item_number": 6,
"approval_requirement": "Majority of shares present (in person or by proxy) and entitled to vote",
"board_recommendation": "AGAINST",
"broker_non_votes_effect": "No effect"
},
{
"abstentions_effect": "Counted as “AGAINST”",
"agenda_item_number": 7,
"approval_requirement": "Majority of shares present (in person or by proxy) and entitled to vote",
"board_recommendation": "AGAINST",
"broker_non_votes_effect": "No effect"
}
]
}