Form 4: GE Aerospace Executive Riccardo Procacci Reports Stock Transactions
SEC Form 4 Filing
Riccardo Procacci, a Senior Vice President at General Electric (GE) Aerospace, reported the acquisition and disposal of GE common stock and restricted stock units on August 3, 2024.
Summary
- Riccardo Procacci, a Senior Vice President of GE Aerospace, filed a Form 4 with the SEC detailing changes in beneficial ownership of GE stock.
- On August 3, 2024, Procacci exercised 10,799 Restricted Stock Units (RSUs), converting them into common stock.
- Also on August 3, 2024, Procacci disposed of 4,635 shares of common stock to cover tax obligations at a price of $162.86 per share.
- Following these transactions, Procacci directly owns 20,309 shares of GE common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation and tax-related stock disposals.
Key Dates
| Date | Description |
|---|---|
| 08/03/2024 | Date of stock transactions: RSU conversion and stock disposal for tax obligations. |
| 08/06/2024 | Date of signature on the Form 4 filing. |
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