Form 4: GE Aerospace Director Stephen F. Angel Acquires Phantom Stock Units

Director Stephen F. Angel acquired 242 phantom stock units of General Electric Co. at $170.32 per unit on December 31, 2024, under the company's non-employee director compensation plan.

Summary

• Stephen F. Angel, a director at General Electric Co., acquired 242 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 are payable beginning one year after termination of service as a director.
• Following the transaction, Mr. Angel directly owns 630 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to slightly positive as it aligns director interests with company performance.

Positives

• The acquisition of phantom stock units aligns the director's interests with the company's performance.
• The compensation plan is designed to reward non-employee directors.

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 in publicly traded companies, aligning their interests with shareholders.

Comparison to Industry Standards

• Many large public companies use phantom stock units or similar equity-based compensation for non-employee directors.
• The value of $170.32 per unit is tied to the market price of GE's common stock, which is a common practice.
• The vesting and payout terms, one year after termination of service, are also typical for director compensation plans.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates

Keywords

Phantom Stock Units, Director Compensation, General Electric, GE Aerospace, Stephen F. Angel, SEC Form 4, Insider Trading