Form 4: GE HealthCare Director Stromberg Receives Stock Awards

Director William J. Stromberg acquired shares of GE HealthCare Technologies Inc. through restricted stock units and deferred stock units.

Summary

• On May 21, 2024, William J. Stromberg, a director of GE HealthCare Technologies Inc., acquired 2,440 restricted stock units and 1,769 deferred stock units.
• The restricted stock units will vest on the earlier of GE HealthCare's next annual meeting or May 21, 2025.
• The deferred stock units are fully vested and were elected in lieu of 100% of the cash retainer.
• Each unit represents the right to receive one share of GE HealthCare common stock at settlement.
• Following these transactions, Stromberg directly owns 9,201 shares of GE HealthCare common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects standard director compensation practices, aligning director interests with shareholders. There are no indications of negative events or concerns.

Positives

• The acquisition of restricted stock units aligns Stromberg's interests with the long-term performance of GE HealthCare.
• The election to receive deferred stock units in lieu of cash retainer demonstrates Stromberg's confidence in the company's future.

Future Outlook

Settlement of vested restricted stock units may be deferred by the director, in which case, settlement will occur pursuant to the director's applicable deferral election in accordance with GE HealthCare's Non-Employee Director Compensation and Benefits Plan.

Industry Context

Director stock ownership is a common practice in publicly traded companies to align management's interests with those of shareholders. The use of restricted stock units and deferred stock units is a typical compensation strategy.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash, stock options, and restricted stock units.
• The vesting schedule for restricted stock units is generally between one and three years, aligning with industry norms.
• Deferral of stock unit settlement is a common option for directors, allowing them to manage their tax liabilities.

Stakeholder Impact

• The acquisition of stock units by a director can positively influence shareholder sentiment, as it aligns the director's interests with the company's performance.

Key Dates