GE (NYSE: GE) director receives 106 phantom stock units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BUSH WESLEY G reported acquisition or exercise transactions in this Form 4 filing.
GENERAL ELECTRIC CO director Wesley G. Bush reported a compensation-related award of derivative securities. He received 106 Phantom Stock Units on common stock-equivalent terms at a price of $344.09 per unit under the GE Aerospace 2024 Non-Employee Director Compensation Plan.
Each Phantom Stock Unit is the economic equivalent of one share of GE common stock and is payable beginning one year after his termination of service as a director. Following this grant, Bush holds 221 Phantom Stock Units in total.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BUSH WESLEY G
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 106 | $344.09 | $36K |
Holdings After Transaction:
Phantom Stock Units — 221 shares (Direct, null)
Footnotes (1)
- Acquired at a price of $344.09 per unit pursuant to the terms of the GE Aerospace 2024 Non-Employee Director Compensation Plan. Each Phantom Stock Unit is the economic equivalent of one share of the issuer's common stock. Payable beginning one year after termination of service as a director.
Key Figures
Phantom Stock Units granted: 106 units
Grant price per unit: $344.09 per unit
Total Phantom Stock Units after grant: 221 units
+2 more
5 metrics
Phantom Stock Units granted
106 units
Award on 2026-06-30 under director compensation plan
Grant price per unit
$344.09 per unit
Price pursuant to GE Aerospace 2024 Non-Employee Director Compensation Plan
Total Phantom Stock Units after grant
221 units
Holdings following the reported transaction
Underlying security
106 common stock equivalents
Each Phantom Stock Unit equals one share of common stock economically
Transaction code
A (grant/award acquisition)
Form 4 derivative transaction classification
Key Terms
Phantom Stock Units, economic equivalent, GE Aerospace 2024 Non-Employee Director Compensation Plan, grant, award, or other acquisition
4 terms
Phantom Stock Units financial
"security_title: "Phantom Stock Units""
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
economic equivalent financial
"Each Phantom Stock Unit is the economic equivalent of one share"
GE Aerospace 2024 Non-Employee Director Compensation Plan financial
"pursuant to the terms of the GE Aerospace 2024 Non-Employee Director Compensation Plan"
grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
What did GE director Wesley G. Bush report in this Form 4 for GE?
Wesley G. Bush reported receiving 106 Phantom Stock Units as a compensation award. These units are tied economically to GE common stock and increase his total Phantom Stock Unit holdings to 221 units after the transaction.
At what price were Wesley G. Bush’s GE Phantom Stock Units granted?
The Phantom Stock Units were acquired at a grant price of $344.09 per unit. This price was set under the GE Aerospace 2024 Non-Employee Director Compensation Plan governing non-employee director compensation awards at the company.
How many GE Phantom Stock Units does Wesley G. Bush hold after this award?
After the award, Wesley G. Bush holds a total of 221 Phantom Stock Units. This reflects the addition of 106 newly granted units to his prior balance of phantom units linked economically to GE common stock.
When are Wesley G. Bush’s GE Phantom Stock Units payable?
The Phantom Stock Units are payable beginning one year after his termination of service as a director. This means he cannot receive payment until at least one year has elapsed following his departure from the GE board.
What are GE Phantom Stock Units as reported in Wesley G. Bush’s filing?
Each Phantom Stock Unit is the economic equivalent of one share of GE common stock. They are bookkeeping entries, not actual shares, and are typically settled in cash or stock under the governing compensation plan.
Under which plan were Wesley G. Bush’s GE Phantom Stock Units granted?
The units were granted pursuant to the GE Aerospace 2024 Non-Employee Director Compensation Plan. This plan sets the terms for equity-linked compensation awards granted to non-employee members of the company’s board of directors.