General Motors EVP Grant Dixton sells $3.54 million in shares

Grant Michael Dixton, Executive Vice President at General Motors Co. (), sold 40,000 shares of the company’s common stock on August 3, 2026. The shares were sold at a weighted average price of $88.44, with individual transactions ranging from $87.31 to $90.04, totaling approximately $3.54 million. The sale comes as GM stock trades near its 52-week high of $91.85, following a remarkable 68% gain over the past year.

The sale followed the vesting of 79,132 Restricted Stock Units (RSUs) on July 30, 2026, which converted into an equal number of common stock shares. On the same day, Mr. Dixton disposed of 35,056 shares at a price of $88.4, a transaction valued at approximately $3.10 million, likely to cover tax obligations related to the RSU vesting.

Following these transactions, Mr. Dixton directly holds 54,992 shares of General Motors common stock. According to InvestingPro analysis, GM currently appears overvalued relative to its Fair Value. Investors seeking deeper insights can access 14 additional InvestingPro Tips and comprehensive financial metrics for GM.

In other recent news, General Motors reported second-quarter revenue of $48.0 billion and earnings per share of $3.57, surpassing analysts’ consensus estimates of $46.6 billion and $3.19, respectively. The company also saw a 2% year-over-year increase in wholesale auto units, totaling approximately 990,000. In light of these results, Mizuho reiterated an Outperform rating with a $100 price target, while RBC Capital raised its price target to $100, highlighting General Motors’ pricing strength and cost management. TD Cowen also increased its price target to $132, maintaining a Buy rating and naming General Motors its top pick. Furthermore, Jefferies upgraded General Motors from Hold to Buy, raising the price target to $99 due to confidence in the automaker’s 2027 financial outlook, projecting earnings per share near $16 and over $10 billion in free cash flow. Meanwhile, has entered the competition to secure a contract with the U.S. Army for a new tactical truck, marking its largest military contract opportunity since the Cold War. This move comes as the Pentagon encourages automakers to modernize military equipment.