GE CEO Culp (NYSE: GE) gets new stock awards and withholds shares
Rhea-AI Filing Summary
GENERAL ELECTRIC CO Chairman and CEO H. Lawrence Culp Jr. reported several equity compensation moves. On March 3, 2026, 14,872 Restricted Stock Units were exercised into the same number of common shares at $0.00 per share, lifting his direct common stock to 246,979 shares before related tax actions.
To cover tax obligations, 6,234 common shares were disposed of at $334.14 per share as a tax-withholding transaction, reducing his direct common stock holdings to 240,745 shares. On March 2, 2026, he was granted 9,355 Restricted Stock Units and 32,665 employee stock options, which vest in two equal 50% installments on the second and third anniversaries of the grant date.
Indirectly, 999,624 common shares are held by family trusts and 211,210 common shares are held by a holding company associated with him. Each Restricted Stock Unit represents a contingent right to receive one share of GE common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 14,872 | $0.00 | -- |
| Exercise | Common Stock | 14,872 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,234 | $334.14 | $2.08M |
| Grant/Award | Restricted Stock Units | 9,355 | $0.00 | -- |
| Grant/Award | Employee Stock Option (right to buy) | 32,665 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each Restricted Stock Unit represents a contingent right to receive one share of the issuer's common stock. The Restricted Stock Units and the Employee Stock Options were granted on March 2, 2026, and vest in two equal installments of 50% each, on the second and third anniversary. Reflects lapse of restrictions in accordance with the retirement eligibility provision of the grant agreement.