GM Grants Restricted Stock to Top Execs

General Motors Corp. awarded a total of 324,500 restricted stock units to eight of its senior executives on March 1 as part of the company's long-term incentive plan.

Two-thirds of the units vest in two years and the balance in March 2016 if the employee is still at the company. Each unit can be exchanged for one share of common stock.

GM's board awarded the largest stock grants to CFO Dan Ammann (60,800 shares), Global product development chief Mary Barra (59,000), Vice Chairman Steve Girsky (55,300) and GM North America President Mark Reuss (51,600). CEO Dan Akerson did not receive restricted stock this year.

GM executive compensation has been in the spotlight because the U.S. Dept. of the Treasury still owns a 19% stake in the company. The Treasury Dept.'s pay czar has urged GM to tie most of top management pay to performance targets. The company has not yet disclosed 2012 executive salaries and bonuses.