Hatto, General Motors VP, sells $2m in GM stock

Published 15/08/2025, 21:40
Hatto, General Motors VP, sells $2m in GM stock

General Motors NYSE:GM Vice President & CAO Christopher Hatto sold 36,804 shares of General Motors Co common stock on August 13, 2025. The sales, executed in two transactions, fetched prices ranging from $55.09 to $55.11, resulting in a total value of $2,028,053.

On the same day, Hatto also exercised options to acquire 26,042 shares of General Motors common stock at a price of $35.49, for a total value of $924,230.

Following these transactions, Hatto directly owns 12,007 shares of General Motors.

The options exercised stemmed from an employee stock option grant on February 12, 2020, which are now fully vested, with an expiration date of February 12, 2030. GM, with a market capitalization of $53.6 billion, continues to demonstrate strong financial health according to InvestingPro’s comprehensive analysis.

In other recent news, Cleveland-Cliffs Inc has secured multiyear fixed-price contracts with several U.S. automakers to supply standard sheet steel. These contracts, spanning two to three years, mark a departure from the company’s typical one-year agreements, according to Bloomberg sources. General Motors is set to import electric vehicle batteries from China’s leading battery manufacturer, CATL, as reported by The Wall Street Journal. Additionally, General Motors has announced a partnership with Hyundai Motor to develop five vehicle models by 2028, focusing on Central and South American markets. These models will include both internal combustion engine and hybrid electric vehicle powertrains.

In analyst updates, Bernstein SocGen Group has raised its price target for General Motors to $41, citing improved clarity on tariff impacts, although it maintains an Underperform rating due to concerns over North American operations. Meanwhile, TD Cowen has lowered its price target for General Motors to $80, attributing the adjustment to "noisier than expected" quarterly results. Despite this, TD Cowen maintains a Buy rating and considers the company a "Top Pick," suggesting that the market reaction was excessive. These developments provide investors with insights into the strategic moves and analyst perspectives surrounding these companies.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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