Form 4: GE Aerospace Director Acquires Phantom Stock Units

GE Aerospace director Sebastien Bazin acquired 205 phantom stock units at $170.32 per unit on December 31, 2024, under the company's non-employee director compensation plan.

Summary

• Sebastien Bazin, a director at GE Aerospace, acquired 205 phantom stock units on December 31, 2024.
• The acquisition was made under the GE Aerospace 2024 Non-Employee Director Compensation Plan.
• Each phantom stock unit is equivalent to one share of GE's common stock.
• The price per unit was $170.32.
• The phantom stock units will be payable beginning one year after Bazin's termination of service as a director.
• Following the transaction, Bazin directly owns 534 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There are no negative implications.

Positives

• The acquisition of phantom stock units by a director demonstrates alignment with shareholder interests.
• The compensation plan incentivizes directors to contribute to the long-term success of the company.

Future Outlook

The phantom stock units will be payable beginning one year after termination of service as a director.

Industry Context

This is a standard practice for compensating non-employee directors, aligning their interests with the long-term performance of the company.

Comparison to Industry Standards

• Many large public companies use phantom stock units as part of their director compensation packages.
• The vesting and payout terms are typical for these types of awards, often tied to continued service and long-term performance.
• Companies like Boeing and Lockheed Martin also use similar equity-based compensation for their directors.

Stakeholder Impact

• The acquisition of phantom stock units by a director aligns their interests with shareholders.
• This type of compensation is generally viewed positively by shareholders as it incentivizes directors to focus on long-term value creation.

Key Dates

Keywords

phantom stock units, director compensation, insider trading, GE Aerospace, Sebastien Bazin, equity compensation