GM » Topics » Summary

This excerpt taken from the GM 10-K filed Feb 28, 2008.
Summary
 
A summary of the status of our options as of December 31, 2007 and the changes during the year is presented below:
 
                 
          Weighted-
 
          Average
 
          Grant-Date
 
    Shares     Fair Value  
 
Nonvested at January 1, 2007
    10,093,967     $ 8.57  
Granted
    2,786,920       8.76  
Vested
    (5,799,594 )     9.58  
Forfeited
    (129,212 )     7.91  
                 
Nonvested at December 31, 2007
    6,952,081     $ 7.82  
                 
 
As of December 31, 2007, there was $7 million of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted under the Plans. That cost is expected to be recognized over a weighted-average period of 0.9 years.
 
Cash received from option exercise under all share-based payment arrangements was $1 million, $0 and $0 in 2007, 2006 and 2005, respectively.
 
This excerpt taken from the GM DEF 14A filed Apr 27, 2007.
Summary — We believe our compensation approach is balanced and in line with our business performance and the business environment in which we operate. In recognition of our highly competitive environment, and the status of GM’s turnaround activities, Messrs. Wagoner, Henderson, Lutz, Gottschalk, and Devine voluntarily reduced their salaries in 2006, and salary reductions will continue for Messrs. Wagoner, Henderson, and Lutz in 2007. Annual incentive performance goals for 2006 were achieved at above threshold levels. However, we did not pay annual incentive awards to the Named Executive Officers, except for Mr. Devine whose award was paid in accordance with the terms of his retirement agreement. The other Named Executive Officers received stock or stock-based grants whose ultimate value depends on our continued success. Finally, the Named Executive Officers did not receive any payouts from any long-term incentive plans and no stock options were exercised.

This excerpt taken from the GM 10-K filed Mar 15, 2007.
Summary
 
A summary of the status of the Corporation’s options as of December 31, 2006 and the changes during the year then ended, is presented below:
 
                 
          Weighted-
 
          Average
 
          Grant-Date
 
    Shares     Fair Value  
 
Nonvested at January 1, 2006
    15,923,106     $ 9.28  
Granted
    2,841,686       7.19  
Vested
    8,431,121       9.44  
Forfeited
    239,704       8.61  
                 
Nonvested at December 31, 2006
    10,093,967     $ 8.57  
                 
 
As of December 31, 2006, there was $12.2 million of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted under the Plans. That cost is expected to be recognized over a weighted-average period of 0.8 years.
 
Cash received from option exercise under all share-based payment arrangements for the years ended December 31, 2006, 2005, and 2004 was $0 million, $0.4 million, and $1.5 million, respectively.
 
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki