GE Vernova (GEV) wind CEO sells 4,819 shares in open market
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GE Vernova Inc. executive Victor Abate, Chief Executive Officer, Wind, reported an open-market sale of 4,819 shares of common stock on June 1, 2026. The shares were sold at a weighted average price of $948.08 per share, in multiple trades between $948.01 and $948.51. After the transaction, Abate directly holds 1,835 shares and has an additional 28 shares held indirectly through his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,819 shares ($4,568,798)
Net Sell
2 txns
Insider
Abate Victor
Role
Chief Executive Officer, Wind
Sold
4,819 shs ($4.57M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common stock, par value $0.01 per share | 4,819 | $948.08 | $4.57M |
| holding | Common stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common stock, par value $0.01 per share — 1,835 shares (Direct, null);
Common stock, par value $0.01 per share — 28 shares (Indirect, By spouse)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 4,819 shares
Weighted average sale price: $948.08 per share
Sale price range: $948.01–$948.51 per share
+2 more
5 metrics
Shares sold
4,819 shares
Open-market sale on June 1, 2026
Weighted average sale price
$948.08 per share
Common stock sale on June 1, 2026
Sale price range
$948.01–$948.51 per share
Price range for multiple sale transactions
Shares held after sale (direct)
1,835 shares
Direct ownership following June 1, 2026 transaction
Indirect shares by spouse
28 shares
Indirect ownership classified as By spouse
Key Terms
weighted average price, open-market sale, indirect ownership
3 terms
weighted average price financial
"The price reported is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect ownership financial
"direct_or_indirect": "I", "nature_of_ownership": "By spouse""
FAQ
What insider transaction did GE Vernova (GEV) report for Victor Abate?
Victor Abate, GE Vernova’s Chief Executive Officer, Wind, reported selling 4,819 shares of common stock. The transaction was an open-market sale and is disclosed in a Form 4 insider trading report for transparency to GE Vernova (GEV) investors.
What is the nature of Victor Abate’s indirect GE Vernova (GEV) holdings?
The Form 4 shows an indirect holding of 28 GE Vernova common shares classified as “By spouse.” This indicates those shares are owned by his spouse, and are reported as indirect beneficial ownership associated with Victor Abate in the insider filing.
What does the weighted average price disclosure mean in GE Vernova (GEV)’s Form 4?
The Form 4 reports a single weighted average sale price of $948.08 for Victor Abate’s 4,819 sold shares. It notes these were executed across multiple trades between $948.01 and $948.51, and detailed per-trade pricing data is available from the company upon request.