Expiration period

[Table of Contents](#i1f1d4643819f4c4aa82d0bc4fb2f7f45_7)GENERAL MOTORS COMPANY AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS —— (Continued)Note 17. Earnings Per Share

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|  | Three Months Ended |  | Six Months Ended |
|  | June 30, 2022 |  | June 30, 2021 |  | June 30, 2022 |  | June 30, 2021 |
| Basic earnings per share |  |  |  |  |  |  |  |
| Net income (loss) attributable to stockholders | $ | 1,692  |  |  | $ | 2,836  |  |  | $ | 4,631  |  |  | $ | 5,858  |  |
| Less: cumulative dividends on subsidiary preferred stock(a) | (26) |  |  | (46) |  |  | (978) |  |  | (91) |  |
|  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |
| Net income (loss) attributable to common stockholders | $ | 1,666  |  |  | $ | 2,790  |  |  | $ | 3,653  |  |  | $ | 5,767  |  |
|  |  |  |  |  |  |  |  |
| Weighted-average common shares outstanding | 1,458  |  |  | 1,451  |  |  | 1,458  |  |  | 1,449  |  |
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|  |  |  |  |  |  |  |  |
| Basic earnings per common share | $ | 1.14  |  |  | $ | 1.92  |  |  | $ | 2.51  |  |  | $ | 3.98  |  |
| Diluted earnings per share |  |  |  |  |  |  |  |
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|  |  |  |  |  |  |  |  |
| Net income (loss) attributable to common stockholders – diluted | $ | 1,666  |  |  | $ | 2,790  |  |  | $ | 3,653  |  |  | $ | 5,767  |  |
|  |  |  |  |  |  |  |  |
| Weighted-average common shares outstanding – basic | 1,458  |  |  | 1,451  |  |  | 1,458  |  |  | 1,449  |  |
| Dilutive effect of awards under stock incentive plans | 7  |  |  | 17  |  |  | 10  |  |  | 17  |  |
| Weighted-average common shares outstanding – diluted | 1,465  |  |  | 1,468  |  |  | 1,468  |  |  | 1,466  |  |
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|  |  |  |  |  |  |  |  |
| Diluted earnings per common share | $ | 1.14  |  |  | $ | 1.90  |  |  | $ | 2.49  |  |  | $ | 3.93  |  |
| Potentially dilutive securities(b) | 10  |  |  | 2  |  |  | 10  |  |  | 2  |  |

\_\_\_\_\_\_\_\_\_\_(a)Includes a $909 million deemed dividend related to the redemption of Cruise preferred shares from SoftBank in the six months ended June 30, 2022.(b)Potentially dilutive securities attributable to outstanding stock options at June 30, 2022 and 2021 and RSUs at June 30, 2022, were excluded from the computation of diluted earnings per share (EPS) because the securities would have had an antidilutive effect.  
Note 18. Stock Incentive Plans  
 GM Stock Incentive Awards  We grant to certain employees RSUs, RSAs, PSUs and stock options (collectively, stock incentive awards). Total compensation expense related to the above awards was $94 million and $139 million in the three months ended June 30, 2022 and 2021 and $172 million and $204 million in the six months ended June 30, 2022 and 2021. At June 30, 2022, the total unrecognized compensation expense for nonvested equity awards granted was $423 million. This expense is expected to be recorded over a weighted-average period of 1.7 years.   
Cruise Stock Incentive Awards Cruise granted RSUs and stock options that will settle in common shares of Cruise Holdings in the six months ended June 30, 2022 and 2021. In March 2022, Cruise modified its RSUs that settle in Cruise Class B Common Shares to remove the liquidity vesting condition such that all granted RSU awards vest solely upon satisfaction of a service condition. The service condition for the majority of these awards is satisfied over four years. Upon modification, 31 million RSUs whose service condition was previously met became immediately vested, thereby resulting in the immediate recognition of compensation expense. In addition, at Cruise's election, GM intends to conduct quarterly tender offers whereby, holders of Cruise Class B Common Shares issued to settle vested awards can tender their shares generally at the fair value of Cruise’s common stock. The planned tenders result in certain awards to be classified as liabilities and other awards to be presented in temporary equity, which triggers the immediate recognition of incremental compensation expense associated with the stock options. These awards were granted under Cruise's 2018 Employee Incentive Plan approved by Cruise Holdings' Board of Directors in August 2018. Shares awarded under the plan are subject to forfeiture if the participant leaves the company for reasons other than those permitted under the plan. Stock options vest ratably over four to 10 years, as defined in the terms of each award. Stock options expire 10 years from the grant date.   
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