Form 4: GE Executive Riccardo Procacci Reports Stock Transactions
SEC Form 4
Riccardo Procacci, a Senior Vice President at General Electric, reports the vesting and disposal of restricted stock units and associated stock sales.
Summary
- Riccardo Procacci, a Senior Vice President of General Electric, filed a Form 4 detailing changes in beneficial ownership of GE stock.
- On March 1, 2025, Procacci vested 5,020 restricted stock units (RSUs) which converted into common stock.
- Also on March 1, 2025, Procacci vested 2,877 restricted stock units (RSUs) which converted into common stock.
- He disposed of 2,159 shares to cover tax obligations at a price of $206.98 per share.
- He disposed of 1,238 shares to cover tax obligations at a price of $206.98 per share.
- Following these transactions, Procacci directly owns 17,789 shares of GE common stock and 2,877 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by an executive. It doesn't indicate any particularly positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the vesting of previously granted equity compensation.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Date the Restricted Stock Units were granted, and vest in two equal installments of 50% each, on the second and third anniversary of the grant date. |
| 03/01/2023 | Date the Restricted Stock Units were granted, and vest in two equal installments of 50% each, on the second and third anniversary of the grant date. |
| 03/01/2025 | Date of transaction: vesting of restricted stock units and subsequent sale of shares for tax obligations. |
| 03/04/2025 | Date of Form 4 filing. |
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