GE CEO Culp (NYSE: GE) awarded 401,646 shares, withholds 169,539 for taxes
Rhea-AI Filing Summary
GENERAL ELECTRIC CO Chairman and CEO H. Lawrence Culp Jr. reported equity compensation activity in company common stock. He received a grant of 401,646 shares on March 1, 2026, described as settlement of performance rights granted on March 1, 2023, at no cash cost per share.
To cover tax obligations, 169,539 shares were disposed of at $342.26 per share through a tax-withholding transaction, leaving 232,107 shares held directly. In addition to direct holdings, the filing lists 999,624 shares held indirectly by family trusts and 211,210 shares held indirectly through a holding company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 232,107 shares
Net Buy
4 txns
Insider
CULP H LAWRENCE JR
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 401,646 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 169,539 | $342.26 | $58.03M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 232,107 shares (Direct);
Common Stock — 999,624 shares (Indirect, By family trusts);
Common Stock — 211,210 shares (Indirect, By holding company)
Footnotes (1)
- F1. Settlement of performance rights granted on March 1, 2023.
FAQ
What stock transactions did GE Chairman and CEO H. Lawrence Culp Jr. report on this Form 4 for GE?
H. Lawrence Culp Jr. reported receiving a 401,646-share grant of GE common stock and a related tax-withholding disposition of 169,539 shares at $342.26 per share, leaving 232,107 shares held directly after these transactions.
Was the GE Form 4 transaction for H. Lawrence Culp Jr. an open-market stock sale?
The filing shows a tax-withholding disposition of 169,539 GE shares at $342.26 per share, tied to an equity award. It is described as payment of tax liability by delivering securities, not as an open-market sale for investment purposes.
What does the performance rights footnote mean in H. Lawrence Culp Jr.’s GE Form 4 filing?
The footnote states the 401,646-share grant reflects settlement of performance rights originally granted on March 1, 2023. This means earlier performance-based awards have now been converted into actual GE common shares delivered to the reporting person.
AI-generated analysis. How Rhea-AI works. Not financial advice.