Ally President Diane Morais to retire July 1, 2024; gets $2.5M cash transition payment

Ally Financial Inc.

Morais will retire effective July 1, 2024 after 15+ years.
Receives $2.5M cash payment plus half of 2024 target incentive.
40% of target incentive in cash; 60% as RSUs vesting over 3 years.
May be appointed Vice Chair if active leadership no longer required before retirement.

item 5.02 item 9.01

Executive movements

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Departed

Diane E. Morais

President of Consumer and Commercial Banking

ALLY · Ally Financial Inc.

Effective: 2024-07-01
Filed: November 28, 2023, 6:59 PM ET

Diane E. Morais, President of Consumer and Commercial Banking at Ally Financial Inc. (“Ally”), has provided notice of her intent to retire effective July 1, 2024

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Diane E. Morais departed as President of Consumer and Commercial Banking at Ally Financial Inc..

Action: retire
Role: President of Consumer and Commercial Banking

Exact text from the filing

Diane E. Morais, President of Consumer and Commercial Banking at Ally Financial Inc. (“Ally”), has provided notice of her intent to retire effective July 1, 2024

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Ally Financial Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-284288

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