Director Nicholas Akins converts 495 RSUs at GE Vernova (GEV) into common stock
Rhea-AI Filing Summary
GE Vernova Inc. director Nicholas K. Akins reported a compensation-related equity transaction involving restricted stock units (RSUs). On May 14, 2026, RSUs covering 495 shares of GE Vernova common stock were converted into an equal number of common shares at a price of $0.00 per share, reflecting vesting rather than an open-market purchase.
Following this exercise, Akins directly holds 1,831 shares of GE Vernova common stock. He also has indirect interests in 1 share held by a trust and 10 shares held by his spouse’s trust, for which he disclaims beneficial ownership except to the extent of any pecuniary interest. The filing notes that he has elected to defer receipt of certain shares until the earlier of 30 days after his service as a director ends or a change in control event.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 495 shares
Net Buy
4 txns
Insider
Akins Nicholas K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 495 | $0.00 | $0.00 |
| Exercise | Common stock, par value $0.01 per share | 495 | $0.00 | $0.00 |
| holding | Common stock, par value $0.01 per share | -- | -- | -- |
| holding | Common stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common stock, par value $0.01 per share — 1,831 shares (Direct);
Common stock, par value $0.01 per share — 10 shares (Indirect, By spouse's trust);
Common stock, par value $0.01 per share — 1 shares (Indirect, By trust)
Footnotes (4)
- F1. 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.
- F2. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
- F3. Each restricted stock unit represents the right to receive, at settlement, one share of GE Vernova Inc. ("GE Vernova") common stock.
- F4. 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 from RSUs: 495 shares
Direct holdings after transaction: 1,831 shares
+1 more
4 metrics
RSUs exercised
495 units
Restricted stock units converted to common stock on May 14, 2026
Common shares from RSUs
495 shares
Shares of common stock received upon RSU conversion at $0.00 per share
Direct holdings after transaction
1,831 shares
GE Vernova common stock directly owned by Nicholas K. Akins after transactions
Indirect trust holdings
11 shares
1 share by trust and 10 shares by spouse’s trust, indirect ownership
Key Terms
Restricted Stock Units, derivative security, pecuniary interest, 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
"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.
pecuniary interest financial
"The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein."
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."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did GE Vernova (GEV) director Nicholas K. Akins report?
Nicholas K. Akins reported the vesting and conversion of 495 restricted stock units into 495 shares of GE Vernova common stock at $0.00 per share, a compensation-related equity award rather than an open-market stock purchase or sale.
Were the GE Vernova (GEV) insider transactions by Nicholas K. Akins open-market buys or sells?
No. The filing shows an exercise of restricted stock units converting 495 RSUs into common shares at $0.00 per share. This reflects equity compensation vesting, not an open-market purchase or sale of GE Vernova stock by Nicholas K. Akins.
What do the trusts in Nicholas K. Akins’ GE Vernova (GEV) Form 4 represent?
The Form 4 lists 1 share of GE Vernova common stock held by a trust and 10 shares held by his spouse’s trust, both reported as indirect ownership. Akins disclaims beneficial ownership of these securities except to the extent of any pecuniary interest.
What are the key terms of the GE Vernova (GEV) restricted stock units reported by Nicholas K. Akins?
Each restricted stock unit represents the right to receive one GE Vernova common share at settlement. The reported RSU award vested on the first anniversary of grant, and the filing notes Akins elected to defer receipt of shares until termination of service or a change in control event.