GE Vernova (GEV) Wind CEO reports Restoration Plan stock unit awards
Rhea-AI Filing Summary
GE Vernova Inc. executive Victor Abate, Chief Executive Officer, Wind, reported acquisitions of notional Restoration Plan Stock Units linked to GE Vernova common stock. On 01/23/2026 he acquired 1,163 units, followed by an additional 52 units on 01/26/2026, all at a stated price of $0.00 per unit.
The units are held directly and are part of the GE Vernova Restoration Plan's GE Vernova Stock Fund, a notional investment option that mirrors a retirement plan fund investing at least 98% of its assets in GE Vernova common stock with a small cash component. The value of the participant's notional account is payable in cash under the plan, generally in July of the year following separation from service.
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FAQ
Who is the insider involved in this GE Vernova (GEV) Form 4 filing?
The filing reports transactions by Victor Abate, who serves as Chief Executive Officer, Wind at GE Vernova Inc. (GEV). He is identified as an officer of the company and is the sole reporting person on this Form 4.
What type of securities did the GE Vernova (GEV) executive acquire?
The executive acquired Restoration Plan Stock Units, which are derivative securities tied to GE Vernova common stock. These units are not actual shares but notional units in the GE Vernova Restoration Plan’s GE Vernova Stock Fund.
What transactions were reported in this GE Vernova (GEV) Form 4?
The Form 4 shows two acquisitions coded as “A”: 1,163 Restoration Plan Stock Units on 01/23/2026 and 52 units on 01/26/2026. Both transactions were recorded at a stated price of $0.00 per unit.
How are the GE Vernova (GEV) Restoration Plan Stock Units settled?
The Restoration Plan Stock Units are payable in cash according to the terms of the GE Vernova Restoration Plan. Payment generally occurs in July of the year following the participant’s separation from service, based on the notional account value.
How do the Restoration Plan units relate to GE Vernova (GEV) common stock?
The plan’s GE Vernova Stock Fund is a notional investment option that mirrors a retirement plan fund investing at least 98% in GE Vernova common stock, with the remainder held in a cash component for liquidity needs.
Are the GE Vernova (GEV) Restoration Plan Stock Units held directly or indirectly?
The Form 4 identifies the Restoration Plan Stock Units as held under direct ownership, marked with ownership form “D”. No separate indirect ownership entity or special nature of indirect beneficial ownership is disclosed for these units.