Form 4: GE Aerospace CEO H. Lawrence Culp Jr. Reports Stock Transactions
SEC Form 4 Filing
H. Lawrence Culp Jr., Chairman and CEO of GE Aerospace, reported the withholding of shares to cover tax obligations related to vesting performance shares.
Summary
- On August 17, 2024, H. Lawrence Culp Jr., Chairman and CEO of GE Aerospace, reported a transaction involving General Electric Company common stock.
- A total of 873,160 shares were withheld to satisfy tax obligations related to the vesting of performance shares granted in 2020.
- The price per share for the transaction was $169.6.
- Following the transaction, Culp directly owns 998,051 shares of common stock.
- Culp also indirectly owns 1,573 shares through family trusts and 211,210 shares through a holding company.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions, and does not inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, and is a normal part of corporate governance.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 08/17/2024 | Date of stock transaction (withholding of shares for tax obligations). |
| 08/20/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.