---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-284288"
form_type: "8-K"
ticker: "ALLY"
cik: "0000040729"
company_name: "Ally Financial Inc."
filed_at: "2023-11-28T23:59:59+00:00"
generated_at: "2026-06-07T21:15:09.055051+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-284288
- form_type: 8-K
- ticker: ALLY
- cik: 0000040729
- company_name: Ally Financial Inc.
- filed_at: 2023-11-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/40729/000119312523284288/0001193125-23-284288-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/40729/000119312523284288/d486214d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-284288
- JSON: https://secwatch.observer/filing/0001193125-23-284288.json
- Plain text: https://secwatch.observer/filing/0001193125-23-284288.txt

## Key facts
- Executive change
  Diane E. Morais departed as President of Consumer and Commercial Banking at Ally Financial Inc..
  - Action: retire
  - Role: President of Consumer and Commercial Banking
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/40729/000119312523284288/0001193125-23-284288-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.