Austin McGrath

About Austin McGrath

Austin T. McGrath is Ally Financial’s Chief Accounting Officer and Controller, effective August 8, 2025, after serving as Executive Director of Investor Relations (January 2025) and Executive Director for SEC Reporting, Regulatory Reporting, and Risk Finance (June 2021–January 2025). He joined Ally in 2007, is a Certified Public Accountant, and holds a bachelor’s degree in accounting from Lehigh University . Company performance context for 2024 included net revenues of $8.2 billion, Adjusted EPS of $2.35, and Core ROTCE of 8.5% as management prioritized risk‑adjusted returns and capital discipline .

Past Roles

Organization	Role	Years	Strategic impact
Ally Financial	Executive Director, Investor Relations	Jan 2025–Aug 2025	Led IR communication during strategic portfolio actions and capital discipline .
Ally Financial	Executive Director, SEC Reporting, Regulatory Reporting, Risk Finance	Jun 2021–Jan 2025	Oversaw SEC and regulatory reporting; strengthened risk-finance transparency .
Ally Financial	Corporate Controllers Group – various accounting roles	2007–2021	Progressively senior roles in controllership supporting accurate reporting .

External Roles

No external public-company directorships or outside roles disclosed in Ally filings for McGrath .

Fixed Compensation

Component	Terms	Detail
Base salary	Annual base salary	Disclosed as provided in connection with appointment; amount not specified in filing .
Incentive eligibility	Cash and equity awards under Ally’s Incentive Compensation Plan (ICP)	Eligible for ICP awards alongside other similarly situated executives .
Benefits	Employee benefits consistent with peers	Benefits consistent with similarly situated employees .

Performance Compensation

Program element	Design details	Vesting/performance
Annual incentive (company program)	NEO mix: CEO 30% cash/70% equity; other NEOs 40% cash/60% equity. Equity split: CEO PSUs 60%/RSUs 40%; other NEOs PSUs 50%/RSUs 50%. McGrath’s specific mix not disclosed .	Annual cash settled post year-end; equity grants within two months after performance year .
PSU metrics (company program)	Measures Core ROTCE and relative TSR over a 3-year period; PSUs settle based on certified performance .	3-year performance period; settlement aligned to achievement levels .
2024 scorecard outcomes (company program)	Five pillars: financial metrics, business indicators, risk management, consumer, cultural. Outcome: below target funding driven by financial metrics; at-target business indicators; above-target risk/consumer/cultural .	Informs incentive pool and individual awards; pool capped at 200% .

Equity Ownership & Alignment

Category	Amount	Notes
Direct beneficial holdings (including RSUs)	2,529 shares	Includes 1,890 RSUs that convert to common shares upon settlement .
Indirect holdings – by children	447 shares	Reported on Form 3 .
Indirect holdings – by spouse	300 shares	Reported on Form 3 .
RSUs included within direct holdings	1,890 units	Each RSU represents a right to one share per plan terms .
Total beneficial ownership	3,276 shares	Sum of direct and indirect holdings .
Shares outstanding (for % calc)	307,135,226	As of March 13, 2025 .
Ownership as % of outstanding	~0.0011%	3,276 ÷ 307,135,226 .
Stock ownership guidelines (company policy)	CEO 6x salary; other NEOs 3x; other Purview Executives 2x	Applies to Purview Executives; retention of 50% net shares until compliant .
Anti-hedging/anti-pledging (company policy)	Hedging, pledging, short sales, certain limit orders prohibited	Applies to CEO, Purview Executives, directors, and specified associates .

Employment Terms

Item	Details
Appointment and role	Chief Accounting Officer and Controller effective Aug 8, 2025; Vice President, Controller, and CAO signature on filings confirms role .
Tenure at Ally	Joined the company in 2007 .
Severance (company executive plan)	For NEOs: upon qualifying termination within 24 months post change-in-control, 2× (base + designated annual cash incentive), prorated annual incentive, and 24 months of COBRA premiums; non‑CIC: CEO 2× base, other NEOs 1× base .
Equity treatment on termination/CIC (company policy)	RSUs: full vest on death/disability/retirement/without‑cause qualifying termination; double trigger vesting within 24 months post CIC if continued awards; immediate vest if not continued . PSUs: death/disability—vest at target or actual; retirement/without cause/qualifying termination—vest subject to performance on original schedule; double trigger vesting within 24 months post CIC with conversion rules if continued .
Clawbacks and recovery	Enterprise recoupment policy covers financial restatements, misconduct, policy violations, excessive risk-taking; NYSE Listing Standard 303A.14 policy adopted Dec 1, 2023 (restatement recovery) .
Employment agreements	Ally discloses NEOs are at‑will with no employment agreements; McGrath’s agreement not specifically disclosed .
Related party relationships	None; no arrangements/understandings for selection; no Item 404 transactions disclosed .

Investment Implications

Alignment and governance: Anti‑hedging/pledging, robust clawbacks, and stock ownership guidelines support alignment and reduce governance risk signals for accounting leadership .
Retention and incentive structure: Eligible for ICP with cash/equity awards; company’s 2024 incentive pool funded below target due to financial metrics, indicating disciplined pay-for-performance that can temper windfall incentives in volatile environments .
Insider supply and selling pressure: Initial beneficial ownership is small at ~0.0011% with 1,890 RSUs included, implying limited near-term insider selling pressure and a largely unvested/equity-based stake .
Role-criticality and execution risk: As principal accounting officer signing SEC filings (S‑3 shelf and 10‑Q), McGrath’s remit spans reporting integrity and control environment—key areas for valuation and regulatory confidence; smooth leadership transition reduces operational risk .