GE Vernova (GEV) CPO exercises 8,505 RSUs, 4,113 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GE Vernova Inc. Chief People Officer Steven Baert exercised equity awards tied to company stock. On April 3, he converted 8,505 restricted stock units into the same number of GE Vernova common shares. RSUs are stock-based compensation that settle into shares when they vest.
To cover tax obligations, 4,113 of the newly issued shares were withheld at a reported price of $898.57 per share, leaving Baert with 17,038 GE Vernova common shares held directly after the transactions. These actions reflect routine equity compensation vesting rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,505 shares exercised/converted
Mixed
3 txns
Insider
Baert Steven
Role
Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,505 | $0.00 | -- |
| Exercise | Common stock, par value $0.01 per share | 8,505 | $0.00 | -- |
| Tax Withholding | Common stock, par value $0.01 per share | 4,113 | $898.57 | $3.70M |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common stock, par value $0.01 per share — 21,151 shares (Direct)
Footnotes (1)
- 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 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. Such equity incentive awards were previously granted by GE to the reporting person, of which one-half vested on April 3, 2025 and one-half vested on April 3, 2026.
Key Figures
RSUs exercised: 8,505 units
Shares issued: 8,505 shares
Shares withheld for taxes: 4,113 shares
+2 more
5 metrics
RSUs exercised
8,505 units
Restricted stock units converted into GE Vernova common shares on April 3
Shares issued
8,505 shares
Common stock received from RSU exercise
Shares withheld for taxes
4,113 shares
Tax-withholding disposition at $898.57 per share
Tax-withholding price
$898.57 per share
Value used for 4,113-share tax-withholding transaction
Shares held after transactions
17,038 shares
GE Vernova common stock directly owned by Baert after April 3
Key Terms
Restricted Stock Units, derivative security, tax-withholding disposition, equity incentive awards
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents the right to receive, at settlement, one share of GE Vernova Inc."
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
"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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
equity incentive awards financial
"Represents an award of restricted stock units with respect to GE Vernova common stock that resulted from the conversion of certain equity incentive awards"
Equity incentive awards are company grants that pay employees or directors with a stake in the business—typically stock, stock options, or restricted shares—rather than only cash. They matter to investors because they align employees’ interests with shareholders (like giving team members slices of the same pie to encourage growth) but can also increase the total number of shares outstanding, which can reduce each existing shareholder’s percentage ownership and impact reported profits.
FAQ
What insider transaction did GE Vernova (GEV) report for Steven Baert?
GE Vernova reported that Chief People Officer Steven Baert exercised 8,505 restricted stock units into common shares. A portion of those shares was simultaneously withheld to satisfy tax obligations, leaving him with 17,038 GE Vernova common shares held directly afterward.
What does the tax-withholding transaction mean in the GE Vernova (GEV) Form 4?
The tax-withholding transaction shows 4,113 GE Vernova shares were surrendered at $898.57 per share to cover tax liabilities. This is a non-market disposition typically associated with vesting or exercise of stock-based awards, not an open-market sale decision by the executive.
Were Steven Baert’s GE Vernova (GEV) transactions open-market buys or sells?
The transactions were not open-market buys or sells. They involved exercising 8,505 restricted stock units into common shares and a related tax-withholding disposition of 4,113 shares, which is a standard mechanism for paying taxes on equity compensation rather than discretionary trading.
What are restricted stock units in the GE Vernova (GEV) insider filing?
Restricted stock units are stock-based awards that convert into shares at settlement. In this filing, each restricted stock unit entitled Steven Baert to receive one GE Vernova common share when vesting conditions were met, forming part of his compensation package rather than a market purchase.