Douglas R. Timmerman
Net Worth
Last updated:
What is Douglas R. Timmerman net worth?
The estimated net worth of Mr. Douglas R. Timmerman is at least $14,463,463 as of 1 Mar 2022. He owns shares worth $5,281,946 as insider, has earned $1,461,517 from insider trading and has received compensation worth at least $7,720,000 in Ally Financial Inc..
What is the salary of Douglas R. Timmerman?
Mr. Douglas R. Timmerman salary is $1,930,000 per year as Pres of Dealer Financial Services in Ally Financial Inc..
How old is Douglas R. Timmerman?
Mr. Douglas R. Timmerman is 62 years old, born in 1963.
What stocks does Douglas R. Timmerman currently own?
As insider, Mr. Douglas R. Timmerman owns shares in one company:
| Company | Title | Shares | Price per share | Total value |
|---|---|---|---|---|
| Ally Financial Inc. (ALLY) | Pres of Dealer Financial Services | 138,962 | $38.01 | $5,281,946 |
What does Ally Financial Inc. do?
Ally Financial Inc., a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through four segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations. The Automotive Finance Operations segment offers automotive financing services, including providing retail installment sales contracts, loans and operating leases, term loans to dealers, financing dealer floorplans and other lines of credit to dealers, warehouse lines to automotive retailers, and fleet financing. It also provides financing services to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services. The Insurance Operations segment offers consumer finance protection and insurance products through the automotive dealer channel, and commercial insurance products directly to dealers. This segment provides vehicle service and maintenance contract, and guaranteed asset protection products; and underwrites commercial insurance coverages, which primarily insure dealers' vehicle inventory. The Mortgage Finance Operations segment manages consumer mortgage loan portfolio that includes bulk purchases of jumbo and low-to-moderate income mortgage loans originated by third parties, as well as direct-to-consumer mortgage offerings. The Corporate Finance Operations segment provides senior secured leveraged cash flow and asset-based loans to middle market companies; leveraged loans; and commercial real estate product to serve companies in the healthcare industry. The company also offers commercial banking products and services. In addition, it provides securities brokerage and investment advisory services. The company was formerly known as GMAC Inc. and changed its name to Ally Financial Inc. in May 2010. Ally Financial Inc. was founded in 1919 and is based in Detroit, Michigan.
Douglas R. Timmerman insider trading
Ally Financial Inc.
Mr. Douglas R. Timmerman has made 12 insider trades between 2021-2022, according to the Form 4 filled with the SEC. Most recently he sold 2,916 units of ALLY stock worth $143,496 on 1 Mar 2022.
The largest trade he's ever made was exercising 2,917 units of ALLY stock on 12 Apr 2021. As of 1 Mar 2022 he still owns at least 138,962 units of ALLY stock.
Ally Financial key executives
Ally Financial Inc. executives and other stock owners filed with the SEC:
- Mr. Douglas R. Timmerman (62) Pres of Dealer Financial Services
- Mr. Jeffrey J. Brown (52) Chief Executive Officer & Director
- Mr. Scott A. Stengel (53) Gen. Counsel
- Ms. Diane E. Morais (59) Pres of Consumer & Commercial Banking - Ally Bank
- Ms. Jennifer A. LaClair (53) Chief Financial Officer