Director Matthew Harris of GE Vernova (GEV) converts 495 RSUs, holds 1,824 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GE Vernova Inc. director Matthew C. Harris reported an equity award vesting and related share issuance. On May 14, 2026, 495 restricted stock units converted into 495 shares of common stock at a stated price of $0.00 per share, classified as an exercise of a derivative security rather than an open-market purchase or sale. Following this transaction, Harris held 1,824 shares of GE Vernova common stock directly and 695 shares indirectly through limited liability companies of which he is a direct or indirect beneficiary. Each restricted stock unit represents the right to receive one share of common stock, and the award vested on the first anniversary of grant, with the reporting person electing to defer receipt of the shares until 30 days after termination of service as a director or upon a change in control event, whichever occurs first.
Positive
- None.
Negative
- None.
Insider Trade Summary
495 shares exercised/converted
Mixed
3 txns
Insider
Matthew C. Harris
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 | -- |
| holding | Common stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common stock, par value $0.01 per share — 1,824 shares (Direct, null);
Common stock, par value $0.01 per share — 695 shares (Indirect, By LLCs)
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. Consists of shares held by limited liability companies of which the reporting person is a direct or indirect beneficiary. 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 converted: 495 shares
Conversion price: $0.00 per share
Direct holdings after transaction: 1,824 shares
+2 more
5 metrics
RSUs converted
495 shares
Restricted stock units converted to common stock on May 14, 2026
Conversion price
$0.00 per share
Stated transaction price for RSU conversion
Direct holdings after transaction
1,824 shares
Common stock held directly following Form 4 transactions
Indirect holdings via LLCs
695 shares
Common stock held indirectly by LLCs where Harris is a beneficiary
Exercise events
1 derivative exercise
transactionSummary exerciseCount for RSUs
Key Terms
Restricted Stock Units, derivative security, indirect beneficial ownership, change in control event
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 security financial
"Transaction code M is described as an exercise or conversion of a derivative security related to the restricted stock units."
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.
indirect beneficial ownership financial
"Consists of shares held by limited liability companies of which the reporting person is a direct or indirect beneficiary."
change in control event financial
"The reporting person has elected to defer receipt of the shares until 30 days after termination of service as a director or a change in control event."
FAQ
What insider transaction did GE Vernova (GEV) director Matthew C. Harris report?
Matthew C. Harris reported the vesting and conversion of 495 restricted stock units into 495 shares of GE Vernova common stock. This is recorded as an exercise of a derivative security rather than an open-market trade, reflecting compensation-related equity rather than a discretionary purchase.
What are the terms of the restricted stock units reported by GE Vernova (GEV) director Harris?
Each restricted stock unit represents the right to receive one share of GE Vernova common stock. The reported award vested on the first anniversary of grant, triggering the conversion of 495 units into common shares at a stated price of $0.00 per share.
How are Matthew C. Harris’s indirect GE Vernova (GEV) holdings structured?
The filing shows 695 GE Vernova shares held indirectly through limited liability companies. A footnote explains these shares are held by LLCs in which Harris is a direct or indirect beneficiary, reflecting indirect beneficial ownership rather than direct personal registration.