Scott Strazik - 02 Apr 2024 Form 4 Insider Report for GE Vernova Inc. (GEV)

Role
CEO and Director, Director
Signature
/s/ Richmond Glasgow, VP, Chief Corporate Counsel & Deputy Secretary, as attorney-in-fact
Issuer symbol
GEV
Transactions as of
02 Apr 2024
Net transactions value
$0
Form type
4
Filing time
04 Apr 2024, 21:46:14 UTC
Previous filing
05 Mar 2024
Next filing
20 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GEV Common stock, par value $0.01 per share Award +27,999 27,999 02 Apr 2024 Direct F1
transaction GEV Common stock, par value $0.01 per share Award +2,388 2,388 02 Apr 2024 By 401(k) F1
transaction GEV Common stock, par value $0.01 per share Award +1,306 1,306 02 Apr 2024 By spouse's 401(k) F1

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 Employee Stock Option (right to buy) Award +14,832 14,832 02 Apr 2024 Common stock, par value $0.01 per share 14,832 $132.00 Direct F1, F2
transaction GEV Employee Stock Option (right to buy) Award +17,798 17,798 02 Apr 2024 Common stock, par value $0.01 per share 17,798 $126.21 Direct F1, F2
transaction GEV Employee Stock Option (right to buy) Award +21,754 21,754 02 Apr 2024 Common stock, par value $0.01 per share 21,754 $149.78 Direct F1, F2
transaction GEV Employee Stock Option (right to buy) Award +22,742 22,742 02 Apr 2024 Common stock, par value $0.01 per share 22,742 $92.13 Direct F1, F2
transaction GEV Employee Stock Option (right to buy) Award +24,719 24,719 02 Apr 2024 Common stock, par value $0.01 per share 24,719 $82.34 Direct F1, F2
transaction GEV Employee Stock Option (right to buy) Award +44,119 44,119 02 Apr 2024 Common stock, par value $0.01 per share 44,119 $68.98 Direct F1, F2
transaction GEV Employee Stock Option (right to buy) Award +68,478 68,478 02 Apr 2024 Common stock, par value $0.01 per share 68,478 $60.73 Direct F1, F3
transaction GEV Employee Stock Option (right to buy) Award +66,558 66,558 02 Apr 2024 Common stock, par value $0.01 per share 66,558 $67.75 Direct F1, F4
transaction GEV Restricted Stock Units Award +73,337 73,337 02 Apr 2024 Common stock, par value $0.01 per share 73,337 Direct F1, F5, F6
transaction GEV Restricted Stock Units Award +7,845 7,845 02 Apr 2024 Common stock, par value $0.01 per share 7,845 Direct F1, F5, F7
transaction GEV Restricted Stock Units Award +17,991 17,991 02 Apr 2024 Common stock, par value $0.01 per share 17,991 Direct F1, F5, F8
transaction GEV Restricted Stock Units Award +67,270 67,270 02 Apr 2024 Common stock, par value $0.01 per share 67,270 Direct F1, F5, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 Inc. ("GE Vernova") by General Electric Company ("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.
F2 Represents an award of an employee stock option with respect to GE Vernova common stock that resulted from the conversion of certain equity incentive awards in connection with the Spin-Off. Such equity incentive awards were previously granted by GE to the reporting person, which are fully exercisable.
F3 Represents an award of an employee stock option with respect to GE Vernova common stock that resulted from the conversion of certain equity incentive awards in connection with the Spin-Off. Such equity incentive awards were previously granted by GE to the reporting person, of which 50% are exercisable and 50% will become exercisable on March 1, 2025.
F4 Represents an award of an employee stock option with respect to GE Vernova common stock that resulted from the conversion of certain equity incentive awards in connection with the Spin-Off. Such equity incentive awards were previously granted by GE to the reporting person, of which 50% will become exercisable on March 1, 2025 and 50% will become exercisable on March 1, 2026.
F5 Each restricted stock unit represents the right to receive, at settlement, one share of GE Vernova common stock.
F6 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. Such equity incentive awards were previously granted by GE to the reporting person, which will vest on September 3, 2024.
F7 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. Such equity incentive awards were previously granted by GE to the reporting person, which will vest on March 1, 2025.
F8 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. Such equity incentive awards were previously granted by GE to the reporting person, of which 50% will vest on March 1, 2025 and 50% will vest on March 1, 2026.
F9 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.