Company: GE
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0001308179-25-000114
Chunk: 55

Company: GENERAL ELECTRIC CO
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 55
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 not pay dividends or dividend equivalents on shares that are not yet owned. Instead, dividends and dividend equivalents are accrued during the vesting or performance period and paid out only on shares actually received. For more information, see our Governance Principles (see Helpful Resourceson page 66). INSIDER TRADING POLICY AND PROCEDURES. We have adopted an insider trading policyand have additional trading procedures that cover the purchase, sale and other transactions in company securities by the company’s directors, officers, and employees, and other covered persons, as well as the company itself, that we believe are reasonably designed to promote compliance with insider trading laws, rules and regulations and applicable exchange listing standards. A copy of our insider trading and stock tipping policy and additional trading procedures was filed as Exhibit 19 to our Annual Report on Form 10-K for the year ended December 31, 2024. Tax Deductibility of Compensation The Internal Revenue Code generally imposes a $1 million limit on the amount that a public company may deduct for compensation paid to the company’s applicable named executives, subject to an exception for qualifying performance-based compensation provided pursuant to a binding written contract in effect as of November 2, 2017. We generally expect that compensation paid to our applicable named executives in excess of $1 million will not be deductible. Compensation Committee Interlocks and Insider Participation During 2024, no member of the Compensation Committee had a relationship that requires disclosure as a compensation committee interlock. Management Development & Compensation Committee Report The Compensation Committee has reviewed the Compensation Discussion & Analysis(pages 26 through 53, which, pursuant to SEC rules, does not include the CEO Pay Ratioand Pay Versus Performancediscussions) and discussed that analysis with management. Based on its review and discussions with management, the Compensation Committee recommended to the Board that the Compensation Discussion & Analysis be included in the company’s Annual Report on Form 10-K for 2024 and this proxy statement. This report is provided by the following independent directors, who comprise the Compensation Committee: Stephen Angel (Chair) Sébastien Bazin Thomas Enders Edward Garden GE Aerospace 2025 Proxy Statement 53 CEO Pay Ratio As a result of the employee population changes in connection with the spin-off of GE Vernova in April 2024, we determined that a new median employee should be selected. HOW WE IDENTIFIED THE MEDIAN EMPLOYEE . To identify the median employee, we identified our total employee population as of December 31, 2024, and, in accordance with SEC rules, excluded the