Edward P. Garden - 29 Dec 2023 Form 4 Insider Report for GENERAL ELECTRIC CO (GE)

Role
Director
Signature
/s/ Daniel R. Marx, Attorney-In-Fact for Edward P. Garden
Issuer symbol
GE
Transactions as of
29 Dec 2023
Net transactions value
+$44,969
Form type
4
Filing time
03 Jan 2024, 16:46:18 UTC
Previous filing
03 Oct 2023
Next filing
01 Apr 2024
SEC
View on sec.gov

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 4,016,414 29 Dec 2023 Please see explanation below 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 GE Deferred Fee Phantom Stock Units Award $44,969 +364 +2.7% $123.54 13,799 29 Dec 2023 Common Stock 364 Direct F2, F3, F4
* 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 Senior Advisor to Trian Management, and a limited partner of an affiliate of Trian SPV X, and as such has an indirect interest in the shares of the Issuer held by Trian SPV X. The Reporting Persons disclaim beneficial ownership of such shares except to the extent of their 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.
F2 Acquired at a price of $123.54 per unit pursuant to the terms of the 2022 Long-Term Incentive Plan.
F3 Each unit of phantom stock is the economic equivalent of one share of the Issuer's common stock.
F4 Payable beginning one year after termination of service as a director.

Remarks:

Effective as of January 1, 2024, Ed Garden has concluded his services as a Senior Advisor to Trian Management, and Trian Management is no longer a Reporting Person for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.