Form 4: Stephen F. Angel Reports Acquisition of Deferred Fee Phantom Stock Units in General Electric

Director Stephen F. Angel reports acquiring 443 deferred fee phantom stock units in General Electric at $169.15 per unit.

Summary

• Stephen F. Angel, a director of General Electric (GE), reported acquiring 443 deferred fee phantom stock units on March 28, 2024.
• The acquisition was made pursuant to the terms of the 2022 Long-Term Incentive Plan.
• The price per unit was $169.15.
• Each phantom stock unit is the economic equivalent of one share of GE's common stock.
• Following the transaction, Angel directly owns 6,399 derivative securities.
• The phantom stock units are payable beginning one year after termination of service as a director.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it's a standard regulatory filing detailing an insider transaction. It doesn't inherently indicate positive or negative performance for the company.

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.

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

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their alignment with shareholder interests.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the compensation and incentives of company directors.

Key Dates