Scott Strazik - 03 Sep 2024 Form 4 Insider Report for GE Vernova Inc. (GEV)

Role
Chief Executive Officer, Director
Signature
Richmond Glasgow, VP, Chief Corporate Counsel & Deputy Secretary, as attorney-in-fact
Issuer symbol
GEV
Transactions as of
03 Sep 2024
Net transactions value
-$6,616,969
Form type
4
Filing time
05 Sep 2024, 21:26:12 UTC
Previous filing
26 Aug 2024
Next filing
04 Mar 2025
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 Options Exercise $0 +73,337 +243% $0.000000 103,548 03 Sep 2024 Direct
transaction GEV Common stock, par value $0.01 per share Tax liability $6,616,969 -33,921 -33% $195.07 69,627 03 Sep 2024 Direct
holding GEV Common stock, par value $0.01 per share 2,383 03 Sep 2024 By 401(k)
holding GEV Common stock, par value $0.01 per share 1,303 03 Sep 2024 By spouse's 401(k)

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 Restricted Stock Units Options Exercise $0 -73,337 -100% $0.000000 0 03 Sep 2024 Common stock, par value $0.01 per share 73,337 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive, at settlement, one share of 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 an equity incentive award in connection with the Spin-Off. Such equity incentive award was previously granted by GE to the reporting person on September 3, 2020 and vested on September 3, 2024.