Edward P. Garden - Apr 4, 2022 Form 4 Insider Report for GENERAL ELECTRIC CO (GE)

Role
Director
Signature
/s/ Daniel R. Marx, Attorney-In-Fact for Edward P. Garden
Stock symbol
GE
Transactions as of
Apr 4, 2022
Transactions value $
$44,921
Form type
4
Date filed
4/4/2022, 05:08 PM
Previous filing
Mar 31, 2022
Next filing
Jul 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GE Common stock, par value $0.01 per share 4.02M Apr 4, 2022 Please see explanation below F1, F2

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 GE Deferred Fee Phantom Stock Units Award $44.9K +485 +5% $92.62 10.2K Apr 4, 2022 Common Stock 485 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Trian Fund Management, L.P. ("Trian Management") serves as the management company for Trian SPV (Sub) X, L.P. ("Trian SPV X") and as such determines the investment and voting decisions of Trian SPV X with respect to the shares of the Issuer held by Trian SPV X. Mr. Garden is a member of Trian Fund Management GP, LLC, which is the general partner of Trian Management, and therefore is in a position to determine the investment and voting decisions made by and on behalf of Trian SPV X. Accordingly, Mr. Garden and Trian Management may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) the shares beneficially owned by Trian SPV X.
F2 (FN 2, contd.) The Reporting Persons disclaim beneficial ownership of such shares except to the extent of its respective pecuniary interests therein and this report shall not be deemed an admission that the Reporting Persons are the beneficial owner of such securities for purposes of Section 16 or for any other purpose. Mr. Garden is a director of the Issuer.
F3 Acquired at a price of $92.62 per unit pursuant to the terms of the 2007 Long-Term Incentive Plan.
F4 Each unit of phantom stock is the economic equivalent of one share of common stock.
F5 Payable beginning one year after termination of service as a director.