GE (GE) director Catherine Lesjak granted 678 RSUs under 2022 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LESJAK CATHERINE A reported acquisition or exercise transactions in this Form 4 filing.
GENERAL ELECTRIC CO director Catherine A. Lesjak received an equity award of 678 shares of common stock in the form of Restricted Stock Units granted at $0.00 per share. After this grant, she directly holds 2,823 shares of GE common stock.
The RSUs were granted under GE’s 2022 Long-Term Incentive Plan and will vest on the earlier of the first anniversary of the grant date or the next annual meeting of shareholders following the grant date, linking the award to continued Board service over that period.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LESJAK CATHERINE A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 678 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 2,823 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 678 shares
Grant price: $0.00 per share
Post-grant holdings: 2,823 shares
+2 more
5 metrics
RSU grant size
678 shares
Restricted Stock Units granted to director on grant date
Grant price
$0.00 per share
Compensation award, not an open-market purchase
Post-grant holdings
2,823 shares
Total GE common stock directly held after transaction
Vesting trigger 1
First anniversary
RSUs vest on first anniversary of grant date
Vesting trigger 2
Next annual meeting
Alternative vesting at next shareholder meeting after grant date
Key Terms
Restricted Stock Units (RSUs), 2022 Long-Term Incentive Plan, vest, annual meeting of shareholders
4 terms
Restricted Stock Units (RSUs) financial
"Restricted Stock Units (RSUs) granted under the 2022 Long-Term Incentive Plan"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
2022 Long-Term Incentive Plan financial
"granted under the 2022 Long-Term Incentive Plan, which will vest"
vest financial
"which will vest on the earlier of (i) the first anniversary"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did GE (GE) director Catherine Lesjak receive in this Form 4 filing?
Catherine A. Lesjak received an equity award of 678 GE common shares in the form of Restricted Stock Units. The grant was made at a price of $0.00 per share and increases her direct holdings to 2,823 GE shares after the transaction.
What is the vesting schedule for Catherine Lesjak’s new GE (GE) RSUs?
The Restricted Stock Units vest on the earlier of the first anniversary of the grant date or the next annual meeting of GE shareholders following the grant date. This structure ties vesting to both time-based service and the company’s regular shareholder meeting cycle.
Under which plan were the GE (GE) Restricted Stock Units granted to Catherine Lesjak?
The RSUs were granted under GE’s 2022 Long-Term Incentive Plan. This plan provides equity-based compensation, and the award to director Catherine A. Lesjak is structured as Restricted Stock Units that convert into common shares upon satisfying the specified vesting conditions.
Was Catherine Lesjak’s GE (GE) RSU award an open-market purchase?
No, the award was not an open-market purchase. The Form 4 classifies the transaction with code A as a grant or award acquisition at $0.00 per share, reflecting compensation granted by GE rather than shares bought in the public market.