GE Vernova (GEV) director converts 495 RSUs into deferred common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GE Vernova Inc. director Martina Hundmejean reported the vesting and exercise of 495 restricted stock units, converting them into the right to receive an equal number of common shares. These units vested on the first anniversary of grant and increased her reported direct common stock holdings to 2,037 shares.
The filing notes she has elected to defer actual receipt of the common shares until the earlier of 30 days after her service as a director ends or a change in control event. Each restricted stock unit represents the right to receive one GE Vernova common share at settlement.
Positive
- None.
Negative
- None.
Insider Trade Summary
495 shares exercised/converted
Mixed
2 txns
Insider
HUNDMEJEAN MARTINA
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 — 2,037 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
RSUs exercised: 495 units
Common shares after transaction: 2,037 shares
Exercise transactions: 1 transaction
+1 more
4 metrics
RSUs exercised
495 units
Restricted stock units converted into common stock rights
Common shares after transaction
2,037 shares
Direct common stock holdings following the Form 4 transaction
Exercise transactions
1 transaction
Derivative exercise/conversion events in this Form 4
Net buy/sell shares
0 shares
No open-market buying or selling; derivative exercise only
Key Terms
Restricted Stock Units, derivative exercise/conversion, change in control event, deferral of receipt
4 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 exercise/conversion financial
"transaction_action: derivative exercise/conversion for 495.0000 restricted stock units."
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."
deferral of receipt financial
"The reporting person has elected to defer receipt of the shares of common stock until the earlier of specified events."
FAQ
What insider transaction did GE Vernova (GEV) report for Martina Hundmejean?
GE Vernova reported that director Martina Hundmejean exercised 495 restricted stock units into the right to receive 495 common shares. The award vested on its first anniversary, and her direct common stock holdings increased to 2,037 shares following this derivative exercise event.
What type of security did Martina Hundmejean exercise in the GE Vernova (GEV) Form 4?
The Form 4 shows an exercise of 495 restricted stock units, a type of derivative security. Each unit represents the right to receive one share of GE Vernova common stock at settlement, following vesting and subject to any applicable deferral elections by the director.
When did Martina Hundmejean’s GE Vernova (GEV) restricted stock units vest?
The filing states the reported restricted stock unit award vested on the first anniversary of its grant. Upon vesting, 495 units were converted into the right to receive 495 GE Vernova common shares, which are to be delivered later according to her deferral election.
How are the GE Vernova (GEV) restricted stock units settled for Martina Hundmejean?
Each restricted stock unit entitles Martina Hundmejean to receive one GE Vernova common share at settlement. She elected to defer share delivery until the earlier of 30 days after ending her director service or a change in control event, according to the Form 4 footnote disclosures.