GE Vernova (GEV) director Malave gains 495 shares through restricted stock unit vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GE Vernova Inc. director Jesus Malave Jr. exercised restricted stock units into 495 shares of common stock. These units vested on the first anniversary of grant, and each unit converted into one share. Following this settlement, he now holds 1,842 shares of GE Vernova common stock directly. He has elected to defer actual receipt of the shares until the earlier of 30 days after his service as a director ends or a change in control event, so this is a compensation-related equity increase rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
495 shares exercised/converted
Mixed
2 txns
Insider
MALAVE JESUS JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 495 | $0.00 | -- |
| Exercise | Common stock, par value $0.01 per share | 495 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common stock, par value $0.01 per share — 1,842 shares (Direct, null)
Footnotes (1)
- The reporting person has elected to defer receipt of the shares of common stock until the earlier of (i) 30 days after termination of service as a director or (ii) a change in control event. Each restricted stock unit represents the right to receive, at settlement, one share of GE Vernova Inc. ("GE Vernova") common stock. Represents an award of restricted stock units with respect to GE Vernova common stock that vested on the first anniversary of grant.
Key Figures
Shares acquired via RSU exercise: 495 shares
Shares held after transaction: 1,842 shares
Restricted stock units settled: 495 units
3 metrics
Shares acquired via RSU exercise
495 shares
Restricted stock units settled into common stock on transaction date
Shares held after transaction
1,842 shares
Total direct GE Vernova common stock holdings following RSU settlement
Restricted stock units settled
495 units
Award vested on first anniversary of grant and converted into common shares
Key Terms
Restricted Stock Units, derivative security, change in control event
3 terms
Restricted Stock Units financial
"Represents an award of restricted stock units with respect to GE Vernova common stock that vested on the first anniversary of grant."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
change in control event financial
"until the earlier of (i) 30 days after termination of service as a director or (ii) a change in control event."
FAQ
What did GE Vernova (GEV) director Jesus Malave Jr. do in this Form 4?
He exercised 495 restricted stock units into GE Vernova common shares. This is a compensation-related equity settlement, not an open-market stock purchase, and increased his direct holdings to 1,842 shares after the transaction.
What are the details of the restricted stock units in the GE Vernova (GEV) filing?
The filing shows 495 restricted stock units, each representing one share of GE Vernova common stock. The award vested on the first anniversary of grant and then settled into 495 common shares on the reported transaction date.
Did Jesus Malave Jr. buy or sell GE Vernova (GEV) stock on the market?
No, the activity reflects an exercise of restricted stock units, not a market trade. He acquired 495 shares through settlement of a compensation award, without any reported open-market buying or selling in this filing.