Form 4: Darren W. McDew Reports Acquisition of GE Phantom Stock Units

Director Darren W. McDew reports the acquisition of 253 phantom stock units of General Electric (GE) at $169.15 per unit on March 28, 2024.

Summary

• On March 28, 2024, Darren W. McDew, a director of General Electric (GE), acquired 253 units of deferred fee phantom stock.
• The acquisition was made under the terms of the 2022 Long-Term Incentive Plan.
• The price per unit was $169.15.
• Following the transaction, McDew directly owns 1,392 derivative securities.
• Each phantom stock unit is economically equivalent to one share of GE common stock and is payable beginning one year after termination of service as a director.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, indicating a neutral to slightly positive sentiment as it aligns director interests with company performance.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• The 2022 Long-Term Incentive Plan incentivizes directors through equity-based compensation.

Future Outlook

The phantom stock units are payable beginning one year after termination of service as a director, indicating a long-term incentive structure.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with shareholders, incentivizing long-term value creation.

Key Dates