Form 4: GE Aerospace Director Sebastien Bazin Acquires Phantom Stock Units

Director Sebastien Bazin acquired phantom stock units in GE Aerospace under the 2024 Non-Employee Director Compensation Plan.

Summary

• On June 30, 2024, Sebastien Bazin, a director of General Electric Co. (GE Aerospace), acquired 131 phantom stock units.
• The acquisition was made under the GE Aerospace 2024 Non-Employee Director Compensation Plan.
• The price per unit was $161.47.
• Each phantom stock unit is economically equivalent to one share of GE's common stock.
• The units are payable beginning one year after termination of service as a director.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of phantom stock units by a director is generally a positive sign, indicating confidence in the company's future. However, it's a routine transaction under a pre-existing compensation plan.

Positives

• The acquisition of phantom stock units by a director signals confidence in the company's future performance.

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

Director compensation in the form of phantom stock units is a common practice to align the interests of directors with those of shareholders, incentivizing long-term value creation.

Comparison to Industry Standards

• Phantom stock units are a fairly standard form of compensation for board members at large public companies such as GE Aerospace.
• Companies like Boeing, RTX, and Lockheed Martin also use similar compensation methods to align director interests with shareholder value.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with those of shareholders, potentially encouraging decisions that increase shareholder value.

Key Dates