FILE PHOTO – The GM logo is seen at the General Motors Assembly Plant in Ramos Arizpe, in Coahuila state, Mexico November 25, 2017. REUTERS/Daniel Becerril/File Photo
DETROIT (Reuters) – The head of General Motors Co’s Cruise self-driving car unit stands to make more than $179 million over the next decade if the technology subsidiary experiences a change in ownership or is listed publicly, according to a regulatory filing on Wednesday.
Dan Ammann, who stepped down as GM’s president and was named chief executive of Cruise at the start of this year, was awarded 16,914 restricted stock units for common shares of Cruise and stock options for 101,485 common shares of Cruise by the unit’s board on Monday, GM disclosed in its annual 10K filing with the U.S. Securities and Exchange Commission. Each share carries a value of $1,515, according to the filing.
Reporting by Ben Klayman; Editing by Leslie Adler