Form 4: GE Vernova Inc. Executive Settles Phantom Stock Units for Cash
SEC Form 4
Jessica R. Uhl, President of GE Vernova Inc., settled phantom stock units for cash on April 2, 2025, following a previous award from General Electric Company.
Summary
- On April 2, 2025, Jessica R. Uhl, President of GE Vernova Inc., settled 284 phantom stock units for cash.
- The phantom stock units were initially granted by General Electric Company (GE) in connection with Uhl's service as a director of GE.
- The settlement was made in accordance with Uhl's election to receive payment one year after terminating service as a director of GE.
- Each phantom stock unit was equivalent to one share of GE Vernova common stock.
- The price of the derivative security was $312.4.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting a pre-arranged settlement of deferred compensation. It doesn't inherently signal positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of executive compensation transactions, providing transparency to investors regarding the financial interests of company insiders. It reflects the settlement of deferred compensation previously awarded by GE before the spin-off of GE Vernova.
Key Dates
| Date | Description |
|---|---|
| 04/02/2025 | Date of transaction: Jessica R. Uhl settled 284 phantom stock units for cash. |
| 04/04/2025 | Date of filing: Form 4 filing date. |
Keywords
GE Vernova, Jessica R. Uhl, phantom stock units, settlement, General Electric, executive compensation, Form 4
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