Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | GEV | Restricted Stock Units | Award | +53.2K | 53.2K | Apr 2, 2024 | Common stock, par value $0.01 per share | 53.2K | Direct | F1, F2, F3 |
Id | Content |
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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 one-third will vest on each of December 1, 2024, December 1, 2025 and December 1, 2026. |
F3 | The transaction reported herein is 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"). This transaction is voluntarily reported notwithstanding the exemption provided by Rule 16a-9. |