Form 4: GE Executive Riccardo Procacci Reports Stock Option Exercise and Sale
SEC Form 4 Filing
Riccardo Procacci, a Senior Vice President at General Electric, exercised stock options and sold shares on May 21, 2024.
Summary
- On May 21, 2024, Riccardo Procacci, a Senior Vice President of General Electric, exercised employee stock options to acquire 6,073 shares of common stock at a price of $128.97 per share.
- Simultaneously, Procacci sold 5,464 shares of common stock at a weighted average price of $159.9, with individual transactions ranging from $159.80 to $160.15.
- Following these transactions, Procacci directly owns 14,145 shares of General Electric common stock.
- Procacci also continues to hold employee stock options for 6,073 shares.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of insider transactions, providing transparency to the market regarding the actions of company executives. It's common for executives to exercise stock options and sell shares for personal financial management.
Key Dates
| Date | Description |
|---|---|
| 05/21/2024 | Date of stock option exercise and sale of shares. |
| 05/23/2024 | Date of signature on the Form 4 filing. |
| 09/05/2024 | Expiration date of the employee stock options. |
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