Form 4: GE HealthCare Executive Bankes Receives Stock Options and Restricted Stock Units
SEC Form 4 Filing
Jeannette Bankes, CEO of Patient Care Solutions at GE HealthCare Technologies Inc., reports the acquisition of stock options and restricted stock units.
Summary
- On May 15, 2025, Jeannette Bankes, CEO of Patient Care Solutions at GE HealthCare Technologies Inc., was granted restricted stock units representing the right to receive 30,174 shares of GE HealthCare common stock.
- These restricted stock units will vest in two tranches: 50% on May 15, 2026, and 50% on May 15, 2027.
- Additionally, Bankes received restricted stock units representing 6,857 shares of GE HealthCare common stock, vesting in three tranches: 33% on September 1, 2026, 33% on September 1, 2027, and 34% on September 1, 2028.
- Bankes was also granted an employee stock option to purchase 18,754 shares of GE HealthCare common stock at an exercise price of $72.91 per share.
- This option also vests in three tranches: 33% on September 1, 2026, 33% on September 1, 2027, and 34% on September 1, 2028.
- Following these transactions, Bankes directly owns 37,031 shares of GE HealthCare common stock and has options to purchase 18,754 shares.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The granting of stock options and restricted stock units is a standard practice, indicating confidence in the executive and the company's future performance. There are no explicitly negative aspects presented in the document.
Positives
- The granting of stock options and restricted stock units aligns the executive's interests with those of the shareholders.
- The vesting schedules encourage long-term commitment and performance.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting schedules of the granted securities.
Industry Context
Executive compensation in the healthcare industry often includes stock options and restricted stock units to incentivize performance and align executive interests with shareholder value. This grant is typical for executives in similar roles at comparable companies.
Comparison to Industry Standards
- Companies like Siemens Healthineers and Philips also utilize stock options and restricted stock units as part of their executive compensation packages.
- The vesting schedules and grant sizes are generally in line with industry practices for companies of GE HealthCare's size and market capitalization.
- Benchmarking against similar roles at these companies would provide a more detailed assessment of the competitiveness of this compensation package.
Stakeholder Impact
- Shareholders may view the grant positively as it aligns executive interests with long-term company performance.
- Employees may see this as a positive sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Date of the reported transactions (grant of restricted stock units and stock options) |
| 05/15/2026 | First vesting date for 50% of the first tranche of restricted stock units (15,087 shares) |
| 09/01/2026 | First vesting date for 33% of the second tranche of restricted stock units (2,263 shares) and 33% of the stock options (6,189 shares) |
| 05/15/2027 | Second vesting date for 50% of the first tranche of restricted stock units (15,087 shares) |
| 09/01/2027 | Second vesting date for 33% of the second tranche of restricted stock units (2,263 shares) and 33% of the stock options (6,189 shares) |
| 09/01/2028 | Final vesting date for 34% of the second tranche of restricted stock units (2,331 shares) and 34% of the stock options (6,376 shares) |
| 05/15/2035 | Expiration date of the employee stock option |
Keywords
GE HealthCare, Bankes, Stock Options, Restricted Stock Units, Beneficial Ownership, Form 4, GEHC, Executive Compensation
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