GE Vernova (NYSE: GEV) CEO exercises options with share-based tax payments
Rhea-AI Filing Summary
GE Vernova Inc. CEO & President Scott Strazik reported routine equity compensation transactions involving company common stock. He exercised employee stock options covering 22,742 shares at $92.13 per share and 21,754 shares at $149.78 per share, converting options into common stock.
To cover tax obligations, he disposed of 11,987 shares at $1,115.60 per share and 12,273 shares at $1,114.88 per share through tax-withholding, not open-market sales. Following these transactions, he directly holds 153,800 common shares and also has indirect holdings of 1,287 shares through his spouse's 401(k) and 2,353 shares through his own 401(k).
Footnotes state the option exercises were executed on a net settlement basis in anticipation of their September 30, 2026 and November 17, 2027 expiration dates and did not result in any open market transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 21,754 | $149.78 | $3.26M |
| Exercise | Employee Stock Option (right to buy) | 22,742 | $92.13 | $2.10M |
| Exercise | Common stock, par value $0.01 per share | 21,754 | $149.78 | $3.26M |
| Tax Withholding | Common stock, par value $0.01 per share | 12,273 | $1,114.88 | $13.68M |
| Exercise | Common stock, par value $0.01 per share | 22,742 | $92.13 | $2.10M |
| Tax Withholding | Common stock, par value $0.01 per share | 11,987 | $1,115.60 | $13.37M |
| holding | Common stock, par value $0.01 per share | -- | -- | -- |
| holding | Common stock, par value $0.01 per share | -- | -- | -- |
Footnotes (1)
- The options vested in five installments on September 30, 2017, 2018, 2019, 2020 and 2021. The options exercise was executed in anticipation of the September 30, 2026 expiration date on a net settlement basis and did not result in an open market transaction. The options vested in five installments on November 17, 2018, 2019, 2020, 2021 and 2022. The options exercise was executed in anticipation of the November 17, 2027 expiration date on a net settlement basis and did not result in an open market transaction.