Ally Financial issues 1M shares of 7.100% Series D preferred stock for $1B

Ally Financial Inc.

Offered 1,000,000 shares of 7.100% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock at $1,000/share.
Underwriters paid $990/share; net proceeds ~$990M. Underwriters include BofA, Citigroup, Deutsche Bank, Morgan Stanley.
Dividend rate 7.100% through August 2031, then resets to 5-year Treasury rate + 3.148% every five years.
Series D ranks senior to common, on parity with Series B and C; redeemable at Ally's option after 2031 or upon regulatory capital treatment event.
Offering closed May 1, 2026; issued under existing shelf registration statement.

item 3.03 item 8.01 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Ally Financial Inc. issued preferred stock.

Security: preferred stock

Exact text from the filing

On April 29, 2026, Ally Financial Inc. (“Ally”) filed a Certificate of Designation (the “Certificate”) with the Secretary of State of the State of Delaware, establishing the rights, preferences, privileges, qualifications, restrictions and limitations of Ally’s 7.100% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series D (the “Series D Preferred Stock”).

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Ally Financial Inc.: Filed Certificate of Designation to establish Series D Preferred Stock, amending the Amended and Restated Certificate of Incorporation (effective 2026-04-29).

Change: charter amendment
Effective: 2026-04-29

Exact text from the filing

On April 29, 2026, Ally filed the Certificate with the Secretary of State of the State of Delaware, amending Ally’s Amended and Restated Certificate of Incorporation by establishing Ally’s Series D Preferred Stock

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Ally Financial Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-201520

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