GE (GE) SVP Procacci settles RSUs, taxed via share withholding
Rhea-AI Filing Summary
GENERAL ELECTRIC CO Senior Vice President Riccardo Procacci reported multiple equity transactions dated March 1, 2026. He exercised previously granted restricted stock units into common stock, received a 9,051-share common stock award, and had several blocks of shares withheld at $342.26 per share to cover tax obligations. Footnotes indicate the restricted stock units were granted in 2023 and are now fully vested.
Positive
- None.
Negative
- None.
Insights
Routine GE executive equity vesting, awards, and tax withholding.
Senior Vice President Riccardo Procacci exercised restricted stock units (RSUs) into common shares and received a 9,051-share stock award. Several transactions with code M reflect derivative exercises or conversions of RSUs granted in 2023, now fully vested.
Transactions with code F show share disposals at $342.2600 per share to satisfy tax liabilities, a common non-cash feature of equity compensation. Overall, the mix of acquisitions and tax-withholding dispositions represents routine executive compensation activity rather than discretionary market buying or selling.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 15,345 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,877 | $0.00 | -- |
| Grant/Award | Common Stock | 9,051 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,894 | $342.26 | $1.33M |
| Exercise | Common Stock | 15,345 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,599 | $342.26 | $2.26M |
| Exercise | Common Stock | 2,877 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,238 | $342.26 | $424K |
Footnotes (1)
- Settlement of performance rights granted on March 1, 2023. Each Restricted Stock Unit represents a contingent right to receive one share of the issuer's common stock. The Restricted Stock Units were granted on March 1, 2023, and vest in two equal installments of 50% each, on the third and fourth anniversary of the grant date. The Restricted Stock Units in this grant are fully vested.