Form 4: Sebastien Bazin Reports Acquisition of GE Phantom Stock Units

Director Sebastien Bazin reports acquiring 458 units of General Electric deferred fee phantom stock at $169.15 per unit on March 28, 2024.

Summary

• On March 28, 2024, Sebastien Bazin, a director of General Electric, acquired 458 units of deferred fee phantom stock.
• The acquisition was made at a price of $169.15 per unit, according to the terms of the 2022 Long-Term Incentive Plan.
• Each phantom stock unit is economically equivalent to one share of GE's common stock.
• Following the reported transaction, Bazin directly owns 25,727 derivative securities.
• The phantom stock units are payable beginning one year after termination of service as a director.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, indicating a neutral to slightly positive sentiment due to alignment of interests.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• The 2022 Long-Term Incentive Plan is being utilized, suggesting ongoing commitment to executive compensation strategies.

Future Outlook

The phantom stock units are payable beginning one year after termination of service as a director, indicating a long-term incentive structure.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Executive compensation packages often include phantom stock or similar derivative securities to align management interests with shareholder value, a common practice among large corporations like General Electric.
• The use of long-term incentive plans is a standard practice in executive compensation, similar to plans used by companies like Siemens and ABB.

Stakeholder Impact

• The acquisition of phantom stock units by a director can positively influence shareholder confidence by aligning management's interests with the company's long-term success.

Key Dates