Form 4: GE Vernova Executive Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Matthew Joseph Potvin, Chief Accounting Officer of GE Vernova, exercised stock options and disposed of shares to cover tax obligations.
Summary
- On August 22, 2024, Matthew Joseph Potvin, the Chief Accounting Officer of GE Vernova Inc., exercised employee stock options to acquire 534 shares of common stock at a price of $132 per share.
- Simultaneously, Potvin disposed of 460 shares of common stock at $184.53 per share to satisfy tax obligations related to the option exercise.
- Following these transactions, Potvin continues to hold 536 shares of GE Vernova common stock directly.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock option exercises and share disposals, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine executive stock option exercise and share disposal.
Key Dates
| Date | Description |
|---|---|
| 09/05/2017 | First installment of option vesting. |
| 09/05/2018 | Second installment of option vesting. |
| 09/05/2019 | Third installment of option vesting. |
| 08/22/2024 | Date of stock option exercise and share disposal. |
| 09/05/2024 | Expiration date of the employee stock options. |
| 08/26/2024 | Date of signature for the Form 4 filing. |
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