Company: GE
Filing Date: 2025-04-22
Form Type: DEFA14A
Source: 0000040545-25-000064
Chunk: 2

Company: GENERAL ELECTRIC CO
Filing Date: 2025-04-22
Form: DEFA14A
Chunk 2
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2028 at the GE Aerospace Investor Day on March 7, 2024. This is a highly individualized compensation arrangement that we judged to be in the best interest of GE Aerospace’s shareholders. For the Board, the extension of Larry’s term as CEO through 2027 also provided the added benefit of establishing a succession planning timeframe—ensuring that we have ample time to prepare for a potential leadership transition.

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Continuing to strengthen our compensation program. Over the past several years as our company has transformed, we have worked continuously to evolve our executive compensation program in line with shareholder expectations, best practices and peer benchmarking. There has been strong support for the program, with 94% of shareholders voting to support say-on-pay for the past two years. Our current annual program is fundamentally the same as shareholders have supported in the past, with enhancements made in response to shareholder feedback over multiple years such as adopting cumulative three-year performance periods for our annual PSUs. Other recent adjustments described in the proxy, including to the annual bonus opportunity and to TSR modifier metrics, align with the practices of the majority of our post-spin compensation peer group and support our goal of attracting, retaining, and motivating top talent.

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We are confident that, under Larry’s leadership, the company will only build upon the great start it made in its first year. GE Aerospace enabled over three billion passengers to fly with our technology under wing in 2024, and there are nearly one million passengers in flight powered by our engines at any given time. 1 Across our company, there is a profound sense of responsibility for the safety of our products given this reach, and those figures also underscore the scale of the opportunity for our business. We know that Larry and his leadership team will continue their commitment to building capabilities and competitive advantages that will serve GE Aerospace and our shareholders well for years to come.

On behalf of the Board, thank you for your continued support of GE Aerospace at this exciting time for our company.

Independent Directors of the GE Aerospace Board of Directors

1 Figures include equipment made by GE Aerospace and joint ventures.

Note: Financial information above includes non-GAAP financial measures; see page 65 of GE Aerospace’s definitive proxy statement for additional information.

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