GE Vernova officer exercises RSUs, withholds shares
GE Vernova Inc.’s Chief Accounting Officer Matthew Joseph Potvin reported several equity transactions involving restricted stock units and common stock.
Rhea-AI Filing Summary
GE Vernova Inc.’s Chief Accounting Officer Matthew Joseph Potvin reported several equity transactions involving restricted stock units and common stock. On March 1, 2026, he exercised multiple restricted stock unit awards, receiving several lots of GE Vernova common stock at a per-share price of $0.00. To cover tax obligations, portions of the newly delivered common shares were disposed of in tax-withholding transactions at a reported price of $873.60 per share. After these transactions, he directly owned 5,882 shares of GE Vernova common stock. Separately, on February 27, 2026, he received a grant of 497 restricted stock units, each representing the right to one share of common stock at settlement.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,783 shares exercised/converted
Exercise
13 txns
Insider
Potvin Matthew Joseph
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 938 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 2,529 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 948 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 368 | $0.00 | $0.00 |
| Exercise | Common stock, par value $0.01 per share | 938 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock, par value $0.01 per share | 486 | $873.60 | $425K |
| Exercise | Common stock, par value $0.01 per share | 2,529 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock, par value $0.01 per share | 1,292 | $873.60 | $1.13M |
| Exercise | Common stock, par value $0.01 per share | 948 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock, par value $0.01 per share | 484 | $873.60 | $423K |
| Exercise | Common stock, par value $0.01 per share | 368 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock, par value $0.01 per share | 188 | $873.60 | $164K |
| Grant/Award | Restricted Stock Units | 497 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 2,224 contracts (Direct);
Common stock, par value $0.01 per share — 5,882 shares (Direct)
Footnotes (6)
- F1. Each restricted stock unit represents the right to receive, at settlement, one share of GE Vernova Inc. ("GE Vernova") common stock.
- F2. Represents an award of restricted stock units with respect to GE Vernova common stock that resulted from the conversion of certain equity incentive awards in connection with the consummation on April 2, 2024 of the distribution of all of the shares of common stock of GE Vernova by General Electric Company ("GE") to holders of GE common stock on a pro rata basis ("Spin-Off"). Such equity incentive awards were previously granted by GE to the reporting person, of which 50 % vested on March 1, 2025 and 50% vested on March 1, 2026.
- F3. Represents an award of restricted stock units with respect to GE Vernova common stock that resulted from the conversion of certain performance-based equity incentive awards in connection with the Spin-Off, including two additional shares inadvertently omitted from the grant originally reported on the reporting person's Form 4 filed on April 4, 2024. Such equity incentive awards were previously granted by GE to the reporting person, which vested in full on March 1, 2026. The performance criteria for these equity incentive awards have been certified in connection with the Spin-Off by GE's Management Development & Compensation Committee.
- F4. Represents an award of restricted stock units with respect to GE Vernova common stock that vested 33% on March 1, 2025, vested 33% on March 1, 2026 and will vest 34% on March 1, 2027.
- F5. Represents an award of restricted stock units with respect to GE Vernova common stock that vested 33% on March 1, 2026, and will vest 33% on March 1, 2027 and 34% on March 1, 2028.
- F6. Represents an award of restricted stock units with respect to GE Vernova common stock that will vest in three installments of 33% on March 1, 2027, 33% on March 1, 2028 and 34% on March 1, 2029.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did GE Vernova (GEV) report for Matthew Joseph Potvin?
Matthew Joseph Potvin reported exercising several restricted stock unit awards into GE Vernova common stock and related tax-withholding share dispositions. He also received a separate grant of 497 restricted stock units, each convertible into one share of common stock at settlement.
What does the Form 4 show about restricted stock units for GE Vernova (GEV)?
The Form 4 shows multiple restricted stock unit awards being exercised into common stock and a new grant of 497 restricted stock units. Each restricted stock unit represents the right to receive one GE Vernova common share upon settlement, according to the filing’s footnotes.
What is the meaning of transaction code "F" in the GE Vernova (GEV) Form 4?
Transaction code "F" in this Form 4 is described as payment of exercise price or tax liability by delivering securities. In practice, some GE Vernova shares received from restricted stock unit exercises were disposed of to satisfy tax obligations at $873.60 per share.
Were any new equity awards granted to Matthew Joseph Potvin by GE Vernova (GEV)?
Yes. On February 27, 2026, he received an award of 497 restricted stock units. Each unit entitles him to one share of GE Vernova common stock at settlement, adding to his potential future equity stake in the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.
