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

Director Sebastien Bazin acquired 174 phantom stock units of GE Aerospace at $200.65 per unit on March 31, 2025, according to a Form 4 filing.

Summary

• On March 31, 2025, Sebastien Bazin, a director of GE Aerospace, acquired 174 phantom stock units.
• The acquisition was made under the GE Aerospace 2024 Non-Employee Director Compensation Plan.
• The price per unit was $200.65.
• Following the transaction, Bazin directly owns 709 derivative securities.
• Each phantom stock unit is economically equivalent to one share of GE Aerospace 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 director compensation, which is generally viewed neutrally to positively as it aligns interests. There are no indications of negative sentiment.

Positives

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders.
• The GE Aerospace 2024 Non-Employee Director Compensation Plan incentivizes directors.

Future Outlook

The phantom stock units are payable beginning one year after termination of service as a director, suggesting a long-term alignment of interests.

Industry Context

Director compensation through equity-based awards like phantom stock units is a common practice in publicly traded companies to align management's interests with shareholder value.

Comparison to Industry Standards

• Companies like Boeing, RTX, and Lockheed Martin also use equity-based compensation for their directors.
• The specific terms of these compensation plans vary, but the underlying goal is to incentivize directors to focus on long-term value creation.
• Phantom stock units are a common tool, providing directors with the economic benefits of stock ownership without the actual shares until a later date.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders, potentially leading to better decision-making for the company's long-term success.

Key Dates

Keywords

phantom stock units, director compensation, GE Aerospace, Form 4, Sebastien Bazin, derivative securities, acquisition