Jessica R. Uhl - Apr 2, 2024 Form 4 Insider Report for GE Vernova Inc. (GEV)

Role
President
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, 09:49 PM
Previous filing
Apr 1, 2024
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 Deferred Fee Phantom Stock Units Award +284 284 Apr 2, 2024 Common stock, par value $0.01 per share 284 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each unit of phantom stock is the economic equivalent of one share of GE Vernova Inc. ("GE Vernova") common stock.
F2 Represents an award of phantom stock with respect to common stock of GE Vernova 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 in connection with service as a director of GE. Each award is payable beginning one year after termination of service as a director of the reporting person. This transaction is voluntarily reported notwithstanding the exemption provided by Rule 16a-9.
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.