ALLY Ally Financial Inc

Provided this signed document is received by Kathleen Patterson, Ally Chief Human Resources Officer, 500 Woodward Ave., Detroit, MI 48226, no later than December 11, 2024, and not revoked in accordance with Paragraph 17:

Effective at 12:01 am ET on November 20, 2024, Employee resigned from his position as CRO and all related board and management committee positions and commence a transitional assignment reporting directly to the Company’s Chief Executive Officer in the role of Senior Operating Adviser.

As Senior Operating Adviser, Employee’s primary role will be to assist with the transition of CRO responsibilities to the newly appointed CRO and to provide such other assistance to the Company, as reasonably requested by the Company from time to time. Employee is expected to work remotely and shall have flexibility in his working hours to seek other employment opportunities.

From the date of this Agreement through the end of the transitional assignment, Employee will:

receive the same base salary (i.e., $650,000 annually), payable in accordance with the Company’s standard payroll practices;

remain eligible for the full-year discretionary 2024 cash and equity-based incentive-compensation awards commensurate with the CRO role and his and the Company’s 2024 performance as determined by the Company’s Compensation, Nominating, and Governance Committee; provided however that if Employee has reasonably and in good faith satisfied the terms and conditions contained in this Agreement, such 2024 incentive-compensation awards will be no less than 80% of Employee’s 2024 target incentive compensation of $1.85 million, with 40% in the form of cash to be paid in a lump sum payment at the same time as that of other executive officers (regardless of Employee’s earlier termination of employment as CRO) and 60% in the form of fully vested restricted stock units (“RSUs”) to be granted at the same time as the lump sum cash payment, which shall settle in shares of Company common stock one-third on each of the first, second, and third anniversaries of the grant date (without requirement of further employment) or as soon as administratively possible after such anniversary dates (but in no event more than fifteen (15) days following the applicable anniversary date). If the Employee dies before the settlement of any portion of the RSUs, the Company will transfer the stock payable with respect to the RSUs to the Employee’s estate);

remain eligible for equivalent benefits and perquisites, including the broad-based benefits to which other active Company employees are eligible (e.g., 401(k), medical coverage, life insurance, paid time off, etc.);

be subject to all the same terms and conditions of employment to which other active Company employees are subject; and

not be eligible to receive any 2025 incentive compensation.

Employee’s transitional assignment will end on March 31, 2025, or such earlier date as provided in Paragraph 2 (the “Transition End Date”), at which point Employee’s employment will terminate by mutual consent. Provided Employee has satisfied the terms and conditions contained in this Agreement (including signing, returning, and not revoking the Re-Acknowledgement appended to this Agreement as contemplated by Paragraph 17), Employee will receive:

as soon as reasonably practicable after the Transition End Date (but in no event more than fifteen (15) days following the Transition End Date), a lump sum cash payment of $700,000, less applicable tax withholdings and any outstanding debts to the Company, including any corporate credit card balance; and

reimbursement of outplacement assistance, executive network and/or executive coaching fees and/or legal or financial advice through the vendor of Employee’s choosing, up to a maximum of $20,000, in accordance with the Company’s expense reimbursement policy.

Employee agrees that the elements of consideration referred to in Paragraph 1 are more than the Company is required to provide under its normal policies and procedures. Employee agrees to remain actively employed and endeavor in good faith to meet the specific objectives required of his role as Senior Operating Adviser during the transitional assignment. Notwithstanding the above, if Employee wishes to terminate his employment prior to March 31, 2025, other than as a result of the Company’s material breach of this Agreement, he will provide the Company with at least two-weeks advance written notice, at which point:

If his planned employment termination date is between January 1, 2025 and March 31, 2025, the Company shall record the Transition End Date as occurring on the new date, provide Employee with his 2024 incentive-compensation awards on the terms and conditions (including the times) contained in Paragraph 1.c., pay Employee the separation allowance and reimbursement of outplacement or other assistance as provided in Paragraph 1.d, and provide the favorable equity-award treatment described in Paragraph 5 but no salary, other compensation, or benefits or perquisites after the new employment termination date (other than salary earned but not yet paid); or

If his planned termination date is on or before January 1, 2025, the Company may agree to a new Transition End Date (such agreement not to be unreasonably withheld) or else afford Employee with a period of no less than three business days to withdraw his resignation, and if Employee does not withdraw his resignation within that period, deem Employee’s separation as a voluntary resignation at the end of that period, meaning Employee will not receive further salary and other compensation after the end of that period (other than amounts earned but not yet paid), benefits and perquisites will be terminated at the end of the month in which the employment termination occurs, Employee forfeits the separation allowance and reimbursement of outplacement or other assistance described in Paragraph 1.d, and Employee loses the favorable equity award treatment described in Paragraph 5.

Employee for himself, family, heirs, insurers, assigns, and representatives further agrees to release the Released Parties from all rights, claims, and demands he may have based on or related in any manner to his employment with the Company, this Agreement, or the termination of his employment, in each case, of any kind or nature whatsoever, whether accrued or unaccrued or known or unknown, up to the effective date of this Agreement. This waiver and release specifically includes a waiver and release of any rights, claims, or demands Employee may have under:

the Employee Retirement Income Security Act of 1974, as amended, which regulates employee benefit plans;

Title VII of the Civil Rights Act of 1964, as amended, the Civil Rights and Women’s Equity Act of 1991, as amended, and the Equal Pay Act of 1963, as amended, which prohibit discrimination in employment based on race, color, national origin, religion, or sex;

the Age Discrimination in Employment Act, which prohibits discrimination based on age;

the Rehabilitation Act of 1973, as amended, and the Americans with Disabilities Act, as amended, which prohibit discrimination based on disability;

the Family and Medical Leave Act, as amended;

the Worker Adjustment and Retraining Notification Act (WARN), as amended;

the National Labor Relations Act, as amended;

state fair employment practices or civil rights laws; and

any other federal, state, or local laws or any common law actions relating to employment or employment discrimination.

Employee understands and agrees that, by signing this Agreement, he expressly waives and releases any right, claim, or demand to severance benefits under the Ally Financial Inc. Severance Plan.

Provided Employee has reasonably and in good faith satisfied the terms and conditions contained in this Agreement (including signing, returning, and not revoking the Re-Acknowledgement appended to this Agreement as contemplated by Paragraph 17), Employee’s then unvested time-based equity awards, including RSUs and “Own It Awards”, will fully vest on the Transition End Date, with each such award settling as originally scheduled. Additionally, Employee’s then unvested performance-based stock unit awards will fully vest on the Transition End Date, with each such award settling as originally scheduled subject to (a) the achievement of the related performance goals and (b) if the achievement of the related performance goals exceeds the target, a proration of the number of shares distributable in excess of the target number of shares based on the number of

The Company and Employee make this Agreement to avoid the cost of litigating against any possible lawsuit or claims. By making this Agreement, neither the Company nor Employee admits that it or he has done anything wrong.

If the Company successfully asserts this Agreement as a defense against a future action, proceeding, claim, or demand by or on behalf of Employee, Employee will pay for all fees and costs incurred by the Company in its defense, including all reasonable fees of attorneys and related costs.

Employee is advised to consult with an attorney before signing this Agreement. Employee understands that whether or not he does so is his decision and that he will have until December 11, 2024, to accept or reject this Agreement.

Employee understands that, following the Transition End Date, he has no right to reemployment with the Company and any reemployment decision is solely within the Company’s discretion.

Employee acknowledges that he is able to work and suffers from no disability that would preclude his from doing his regularly assigned job.

Employee understands and agrees that (a) the existence and content of this Agreement may be publicly disclosed in accordance with applicable law, (b) the negotiations, discussions, and proceedings leading up to this Agreement are confidential and (c) Employee, his attorney, and any person or entity acting on his or his attorney’s behalf may not disclose any of the negotiations, discussions, or proceedings leading up to this Agreement or any other person or entity except as expressly required by law.

Employee must provide complete information to the Company and its legal counsel in connection with any claim, demand, investigation, action or proceeding relating to the Company, including Employee’s knowledge and belief of any facts and circumstances arising during his employment with the Company. This does not mean that Employee must provide information that is favorable to the Company; it means only that Employee will provide information within Employee’s knowledge and possession upon the Company’s request. The Company will provide reasonable advance notice of any requirement for this information and will reimburse Employee for all reasonable and documented expenses incurred in providing it, including reimbursement for reasonable fees of attorneys and related costs if Employee in good faith believes independent counsel to be necessary.

Employee will retain all rights to be indemnified by the Company under its governing documents, enterprise policies, written agreements, and directors’ and officers’ liability insurance policies in connection with any third-party claim, demand, investigation, action or proceeding.

Employee affirms that he will or, as of his Transition End Date, he has returned all Company property, including computers tablets, mobile phones and other devices, Company credit and telephone cards, ID cards, building passes, keys, and any other items that were issued or purchased by the Company.

Employee will be permitted to remove from Company premises and devices his personal papers and personal electronic files, personal contact lists, files of nonproprietary third-party research and media articles, and personal effects, subject to oversight that the Company, in its sole discretion, judges to be necessary or appropriate.

Employee understands that he has been given a period of at least twenty-one (21) days to review and consider this Agreement before signing it. Employee further understands that he may use as much of this period as he wishes prior to signing. In order for this Agreement to become effective, Employee must return a signed and original to Kathleen Patterson as per Paragraph 1 no later than December 11, 2024. If executed or returned after that date, the Company, in its sole discretion, may declare this Agreement null and void.

The benefits described in Paragraphs 1.c, 1.d, and 5 are subject to Employee signing and returning the Re-Acknowledgement appended to this Agreement to Kathleen Patterson (or her designate) on his last day of employment and not revoking the Re-Acknowledgement in accordance with this Paragraph 17. Employee may revoke this Agreement or the Re-Acknowledgement (as applicable) within seven (7) days of signing it. Revocation can be made by delivering a written notice to Kathleen Patterson. For this revocation to be effective, written notice must be received by Kathleen Patterson no later than the seventh (7th) day after Employee signs this Agreement or the Re-Acknowledgement (as applicable). If Employee revokes this Agreement in accordance with this Paragraph 17, it will not be effective or enforceable and he will not receive the benefits described in Paragraphs 1 and 5. If Employee revokes the Re-Acknowledgement in accordance with this Paragraph 17, he will not receive the benefits described in Paragraphs 1.c, 1.d, or 5.

Employee shall not be required to mitigate the amount of any payment provided pursuant to this Agreement or any equity award agreement by seeking other employment or otherwise, and the amount of any payment provided for pursuant to this Agreement or any equity award agreement shall not be reduced by any compensation earned as a result of Employee’s other employment after the Transition End Date or other income.

This Agreement will be governed by North Carolina law without regard to its conflict of laws provisions. For purposes of enforcement of this Agreement, Employee agrees to submit to the jurisdiction of any federal or state court in North Carolina. Should any provision of this Agreement be declared illegal or

While Employee will not be subject to the Company’s Enterprise Insider Trading and Blackout Policy after his departure from the Company, he acknowledges that he may continue to be aware of or otherwise possess material nonpublic information about the Company or its securities and will remain subject to all insider-trading and other securities laws.

It is the intent of the parties that the payments and benefits under this Agreement comply with or be exempt from Section 409A of the Internal Revenue Code, and the regulations and guidance thereunder (“Section 409A”), and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. Furthermore, notwithstanding anything in this Agreement to the contrary, any compensation or benefits payable under this Agreement that is considered nonqualified deferred compensation under Section 409A and is designated under this Agreement as payable upon Employee’s termination of employment shall be payable only upon Employee’s “separation from service” with the Company within the meaning of Section 409A.

This Agreement, Employee’s award letters, and the ICP comprise the entire agreement between Employee and the Company. The Company has made no promises to Employee other than those in this Agreement.

/s/ Jason Schugel

11/24/2024

/s/ Kathleen Patterson

11/25/2024

Kathleen Patterson

Ally Financial Inc.

Dated

Kathleen Patterson

Ally Financial Inc.

Dated