Form 4: GE Director Thomas Horton Reports Acquisition of Common Stock and Phantom Stock Units

Director Thomas W. Horton reports acquiring common stock and deferred fee phantom stock units in General Electric Co.

Summary

• Thomas W. Horton, a director of General Electric Co. (GE), filed a Form 4 detailing changes in beneficial ownership.
• On May 7, 2024, Horton acquired 1,165 shares of common stock.
• These shares were acquired at a price of $0.
• Following this transaction, Horton directly owns 1,165 shares of common stock.
• Horton also indirectly owns 6,906 shares through a trust.
• On May 6, 2024, Horton acquired 126 deferred fee phantom stock units at a price of $0 per unit.
• These units were acquired at a price of $158.34 per unit pursuant to the terms of the 2022 Long-Term Incentive Plan.
• Following this transaction, Horton directly owns 15,523 derivative securities.
• These units are payable beginning one year after termination of service as a director.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document primarily reports transactions without expressing a strong positive or negative outlook. The acquisition of shares by a director is mildly positive, suggesting confidence, but it's a routine filing.

Positives

• The acquisition of common stock and phantom stock units by a director may signal 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.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge sentiment and potential future actions of key individuals within the company.

Stakeholder Impact

• The reported transactions provide shareholders with insight into the director's investment activity in the company.

Key Dates