Item 7.01 Regulation FD Disclosure.
A copy of a press release announcing the share-repurchase authorization and
dividend declarations described under Item 8.01 below is attached as Exhibit
99.1.
The information included within Exhibit 99.1 is being furnished and is not
deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended, or otherwise subject to the liabilities of that Section.
Item 8.01 Other Events.
On January 10, 2022, the Ally Financial Inc. (Ally) board of directors
authorized the repurchase of up to $2.0 billion of Ally's common stock from time
to time beginning in the first quarter of 2022 through the fourth quarter of
2022.
The repurchase program enables Ally to acquire shares through open market
purchases or privately negotiated transactions, including through a Rule 10b5-1
plan, at the discretion of management and on terms (including quantity, timing,
and price) that management determines to be advisable. Actions in connection
with the repurchase program will be subject to various factors, including Ally's
capital and liquidity positions, accounting and regulatory considerations
(including any restrictions that may be imposed by the Federal Reserve), impacts
related to the Coronavirus disease 2019 pandemic, Ally's financial and
operational performance, alternative uses of capital, the trading price of
Ally's common stock, and general market conditions. The repurchase program does
not obligate Ally to acquire a specific dollar amount or number of shares and
may be extended, modified, or discontinued at any time.
The Ally board of directors declared a quarterly cash dividend of $0.30 per
share of the company's common stock, payable on February 15, 2022 to
stockholders of record on February 1, 2022. In addition, the Ally board of
directors declared a quarterly cash dividend on Ally's 4.700% Fixed-Rate Reset
Non-Cumulative Perpetual Preferred Stock, Series B, of approximately $15.9
million, or $11.75 per share, payable on February 15, 2022 to stockholders of
record on January 31, 2022, and a quarterly cash dividend on Ally's 4.700%
Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C, of
approximately $11.8 million, or $11.75 per share, payable on February 15, 2022
to stockholders of record on January 31, 2022.
Item 9.01  Exhibits.
Exhibit No.          Description of Exhibits

99.1                   Press Release, da    ted January 1    1    , 202    2
                     The cover page from this Current Report on Form 8-K, formatted in Inline
104                  XBRL

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