Steven Baert - Apr 2, 2024 Form 4 Insider Report for GE Vernova Inc. (GEV)

Role
Chief People Officer
Signature
/s/ Richmond Glasgow, VP, Chief Corporate Counsel & Deputy Secretary, as attorney-in-fact
Stock symbol
GEV
Transactions as of
Apr 2, 2024
Transactions value $
$0
Form type
4
Date filed
4/4/2024, 09:40 PM
Next filing
May 20, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GEV Restricted Stock Units Award +17K 17K Apr 2, 2024 Common stock, par value $0.01 per share 17K Direct F1, F2, F3
transaction GEV Restricted Stock Units Award +21.2K 21.2K Apr 2, 2024 Common stock, par value $0.01 per share 21.2K Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive, at settlement, one share of GE Vernova Inc. ("GE Vernova") common stock.
F2 Represents an award of restricted stock units with respect to GE Vernova common stock that resulted from the conversion of certain equity incentive awards in connection with the Spin-Off (as defined below). Such equity incentive awards were previously granted by General Electric Company ("GE") to the reporting person, of which 50% will vest on April 3, 2025 and 50% will vest on April 3, 2026.
F3 The transactions reported herein are the result of the consummation on April 2, 2024 of the distribution of all of the shares of common stock of GE Vernova by GE to holders of GE common stock on a pro rata basis (the "Spin-Off"). These transactions are voluntarily reported notwithstanding the exemption provided by Rule 16a-9.
F4 Represents an award of restricted stock units with respect to GE Vernova common stock that resulted from the conversion of certain performance-based equity incentive awards in connection with the Spin-Off. Such equity incentive awards were previously granted by GE to the reporting person, which will vest in full on March 1, 2026. The performance criteria for these equity incentive awards have been certified in connection with the Spin-Off by GE's Management Development & Compensation Committee.