GE director receives 678-share RSU stock award
BUSH WESLEY G reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
BUSH WESLEY G reported acquisition or exercise transactions in this Form 4 filing.
GENERAL ELECTRIC CO director Wesley G. Bush received a grant of 678 Restricted Stock Units (RSUs) on Common Stock as a compensation award. The RSUs were granted at $0.0000 per share under the 2022 Long-Term Incentive Plan and will vest on the earlier of the first anniversary of the grant date or the next annual shareholder meeting. Vested RSUs will be settled one year after his service as a director ends. Following this grant, he holds 941 shares directly, with additional indirect holdings including 60 shares by family trusts, 378 shares by trusts, and 534 shares by a holding company.
Insider Trade Summary
Grant/Award: 678 shares
Grant/Award
4 txns
Insider
BUSH WESLEY G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 678 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 941 shares (Direct);
Common Stock — 534 shares (Indirect, by holding company);
Common Stock — 378 shares (Indirect, by trusts);
Common Stock — 60 shares (Indirect, by family trusts)
Footnotes (1)
- F1. Restricted Stock Units (RSUs) granted under the 2022 Long-Term Incentive Plan, which will vest on the earlier of (i) the first anniversary of the grant date and (ii) the next annual meeting of shareholders of the Company following the grant date. Vested RSUs will be settled one year after termination of service as a director.
Key Figures
RSU grant size: 678 RSUs
Grant price: $0.0000 per share
Direct holdings after grant: 941 shares
+3 more
6 metrics
RSU grant size
678 RSUs
Restricted Stock Units granted to director Wesley G. Bush
Grant price
$0.0000 per share
Price per share for the 678-unit RSU award
Direct holdings after grant
941 shares
GE common stock held directly by Wesley G. Bush after transaction
Family trusts holdings
60 shares
Indirect GE common stock held by family trusts
Trusts holdings
378 shares
Indirect GE common stock held by trusts
Holding company holdings
534 shares
Indirect GE common stock held by holding company
Key Terms
Restricted Stock Units (RSUs), 2022 Long-Term Incentive Plan, vest, annual meeting of shareholders, +1 more
5 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
"RSUs granted under the 2022 Long-Term Incentive Plan, which will vest"
vest financial
"RSUs granted ... 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.
settled financial
"Vested RSUs will be settled one year after termination of service as a director"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did GE (GE) director Wesley G. Bush receive in this Form 4 filing?
Wesley G. Bush received 678 Restricted Stock Units (RSUs) on GE common stock as a compensation grant. The units were awarded at no cash cost to him and are part of the company’s 2022 Long-Term Incentive Plan for directors.
How and when do Wesley G. Bush’s new GE RSUs vest?
The 678 RSUs vest on the earlier of one year from the grant date or the next GE annual shareholder meeting. This schedule ties the award to Bush’s continued board service over roughly a one-year period, aligning with the company’s director compensation framework.
When will the vested GE RSUs granted to Wesley G. Bush be settled?
Vested RSUs will be settled one year after Wesley G. Bush’s service as a GE director ends. This means he receives the underlying common shares only after leaving the board and waiting an additional year, extending his exposure to the company’s long-term performance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
