Form 4: L. Kevin Cox Reports Changes in General Electric (GE) Beneficial Ownership

Senior Vice President L. Kevin Cox reports transactions involving General Electric (GE) common stock and restricted stock units on February 25, 2024.

Summary

• L. Kevin Cox, a Senior Vice President at General Electric (GE), filed a Form 4 detailing changes in beneficial ownership.
• On February 25, 2024, Cox engaged in transactions involving common stock and restricted stock units (RSUs).
• Cox acquired 3,154 shares of common stock through the vesting of restricted stock units.
• Cox disposed of 1,363 shares of common stock to cover tax obligations at a price of $152.86 per share.
• Cox acquired 7,222 shares of common stock through the vesting of restricted stock units.
• Cox disposed of 3,024 shares of common stock to cover tax obligations at a price of $152.86 per share.
• Following these transactions, Cox directly owns 41,226 shares of GE common stock.
• Cox also has indirect ownership through various trusts: 110 shares by wife's trust, 794 shares by descendant's trust, and 12,431 shares by trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and alignment with company performance.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading activities.
• Similar filings are made by executives at companies like Siemens, ABB, and Mitsubishi Electric when they trade shares of their respective companies.
• The level of detail and frequency of these filings are generally consistent across major global exchanges.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The transactions themselves are unlikely to have a significant impact on other stakeholders.

Key Dates