GE Vernova CEO Gray discloses equity awards
GE Vernova Inc. officer Eric Gray, Chief Executive Officer of the Power segment, filed an initial ownership report detailing his equity compensation in the company.
Rhea-AI Filing Summary
GE Vernova Inc. officer Eric Gray, Chief Executive Officer of the Power segment, filed an initial ownership report detailing his equity compensation in the company. The filing lists an employee stock option for 10,621 shares of common stock at an exercise price of $170.37 per share, expiring on June 3, 2034, which becomes fully exercisable on April 2, 2028.
Gray also reports several grants of restricted stock units tied to GE Vernova common stock, including awards of 4,686, 12,636, 3,610 and 2,791 units. These RSUs stem from both time-based and performance-based equity awards associated with GE Vernova’s spin-off from General Electric, with vesting schedules running through March 1, 2028.
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Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Gray Eric
Role
Chief Executive Officer, Power
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 10,621 contracts (Direct);
Restricted Stock Units — 23,723 contracts (Direct)
Footnotes (6)
- F1. Represents an award of an employee stock option with respect to GE Vernova Inc. ("GE Vernova") common stock, of which 100% will become exercisable on April 2, 2028.
- F2. Represents an award of restricted stock units with respect to GE Vernova common stock that resulted from the conversion of certain equity incentive awards in connection with the consummation on April 2, 2024 of the distribution of all of the shares of common stock of GE Vernova by General Electric Company ("GE") to holders of GE common stock on a pro rata basis ("Spin-Off"). Such equity incentive awards were previously granted by GE to the reporting person, of which 50% vested on March 1, 2025 and 50% will vest on March 1, 2026.
- F3. Each restricted stock unit represents the right to receive, at settlement, one share of GE Vernova common stock.
- F4. Represents an award of restricted stock units with respect to GE Vernova common stock that resulted from the conversion of certain performance-based equity incentive awards in connection with the Spin-Off. Such equity incentive awards were previously granted by GE to the reporting person, and will vest in full on March 1, 2026. The performance criteria for these equity incentive awards was certified in connection with the Spin-Off by GE's Management Development & Compensation Committee.
- F5. Represents an award of restricted stock units with respect to GE Vernova common stock that vested 33% on March 1, 2025, and will vest 33% on March 1, 2026 and 34% on March 1, 2027.
- F6. Represents an award of restricted stock units with respect to GE Vernova common stock that will vest in three installments of 33% on March 1, 2026, 33% on March 1, 2027 and 34% on March 1, 2028.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the GE Vernova (GEV) Form 3 filing by Eric Gray show?
The Form 3 shows Chief Executive Officer, Power, Eric Gray’s initial beneficial ownership in GE Vernova. It lists an employee stock option for 10,621 shares and multiple restricted stock unit awards, all settled in common stock, with vesting dates extending through March 1, 2028.
How many GE Vernova stock options does Eric Gray report on Form 3?
Eric Gray reports an employee stock option covering 10,621 shares of GE Vernova common stock. The option has an exercise price of $170.37 per share, becomes 100% exercisable on April 2, 2028, and carries an expiration date of June 3, 2034 under the disclosed award terms.
What restricted stock units does Eric Gray hold in GE Vernova (GEV)?
Eric Gray holds several restricted stock unit awards over GE Vernova common stock, including blocks of 4,686, 12,636, 3,610 and 2,791 units. Each unit represents one share at settlement, with vesting dates between March 1, 2025 and March 1, 2028 as described in the footnotes.
How is the GE Vernova spin-off from GE reflected in Eric Gray’s equity awards?
Some of Eric Gray’s restricted stock units resulted from converting General Electric equity awards at the April 2, 2024 GE Vernova spin-off. These include both time-based and performance-based awards, with portions vesting on March 1, 2025 and remaining tranches scheduled to vest on March 1, 2026.
When will Eric Gray’s performance-based GE Vernova RSUs vest?
The performance-based restricted stock units reported by Eric Gray will vest in full on March 1, 2026. These units arose from performance-based equity awards converted at the spin-off, after GE’s Management Development & Compensation Committee certified that the performance criteria for those incentive awards had been satisfied.
What are the vesting schedules for Eric Gray’s time-based GE Vernova RSUs?
One RSU award vested 33% on March 1, 2025, with 33% vesting on March 1, 2026 and 34% on March 1, 2027. Another award will vest 33% on March 1, 2026, 33% on March 1, 2027 and 34% on March 1, 2028, providing staggered stock delivery over several years.
AI-generated analysis. How Rhea-AI works. Not financial advice.
