Form 4: GE Director Bazin Acquires Phantom Stock Units

Sebastien Bazin, a director at General Electric Co., acquired 121 phantom stock units as part of his compensation plan.

Summary

• Sebastien Bazin, a director of General Electric Co. (GE), acquired 121 phantom stock units.
• The acquisition occurred on September 30, 2025, at a price of $289.18 per unit.
• These units were acquired pursuant to the terms of the GE Aerospace 2024 Non-Employee Director Compensation Plan.
• Each phantom stock unit is the economic equivalent of one share of the issuer's common stock.
• Following this transaction, Sebastien Bazin beneficially owns 974 phantom stock units.
• The units are payable beginning one year after the termination of service as a director.

Sentiment

Score: 5

Explanation: The filing reports a routine compensation-related insider transaction, which is neutral in terms of immediate positive or negative impact on the company's outlook or stock price.

Positives

• The acquisition of phantom stock units aligns the director's financial interests with those of the shareholders, as the units are equivalent to common stock.
• The transaction is part of a structured compensation plan, indicating standard corporate governance practices for director remuneration.

Future Outlook

The acquired phantom stock units are scheduled to be payable beginning one year after Sebastien Bazin's termination of service as a director.

Management Comments

• The phantom stock units were acquired pursuant to the terms of the GE Aerospace 2024 Non-Employee Director Compensation Plan.

Industry Context

This filing represents a routine insider transaction related to director compensation, a common practice across publicly traded companies where non-employee directors receive equity-based awards to align their interests with long-term shareholder value.

Comparison to Industry Standards

• The use of phantom stock units as a component of non-employee director compensation is a standard practice in many large, publicly traded corporations, including those in the industrial and aerospace sectors.
• This method of compensation is comparable to practices at companies like Boeing, Raytheon Technologies, or other industrial conglomerates, where equity-linked incentives are used to retain and motivate directors without immediate share issuance.

Related Party Transactions

• The acquisition of phantom stock units by a director from the issuer constitutes a related party transaction, executed under the established GE Aerospace 2024 Non-Employee Director Compensation Plan.

Stakeholder Impact

• Shareholders: The transaction aligns the director's interests with shareholders through equity-linked compensation, potentially fostering long-term value creation.
• Director (Sebastien Bazin): Receives compensation in the form of phantom stock units, which will convert to cash or shares upon termination of service, providing a deferred benefit.

Next Steps

• The phantom stock units will become payable one year after Sebastien Bazin's termination of service as a director.

Key Dates

Recommendation

This Form 4 reports a routine acquisition of phantom stock units by a non-employee director as part of their compensation plan. It does not contain any new material information that would warrant a change in investment recommendation for General Electric Co. The transaction aligns director interests with shareholders but is not indicative of significant operational or strategic shifts, thus a 'hold' recommendation is appropriate.

Keywords

General Electric, GE, Sebastien Bazin, Form 4, Phantom Stock Units, Director Compensation, Insider Transaction, Equity Acquisition