Company: GE
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0001308179-25-000114
Chunk: 11

Company: GENERAL ELECTRIC CO
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 11
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 Directors could elect to take their DSU payments as a lump sum or in payments spread out for up to 10 years.

| • | TREATMENT                                                                                    
 OF DEFERRED STOCK UNITS IN CONNECTION WITH THE SPIN-OFFS. In connection with                 
 the spin-offs of GE HealthCare in January 2023 and GE Vernova in April 2024 (each a Spin-Off 
 Company), each then-current or former director of GE that held outstanding DSUs denominated  
 in GE stock as of the spin-offs retained his or her GE-denominated DSUs and received         
 additional DSUs from GE denominated in shares of the Spin-Off Company common stock based     
 on the shareholder distribution ratio utilized for the spin-off. As this treatment was       
 consistent with the manner in which GE shareholders received Spin-Off Company common         
 stock, it promoted alignment with GE shareholders for directors through the execution        
 of our business separations.                                                                 |

OTHER COMPENSATION. Our independent directors may also receive the following benefits:

| • | MATCHING                                                                                  
 GIFT PROGRAM. Independent directors may participate in the GE Aerospace Foundation’s      
 Matching Gifts Program (and previously, the GE Foundation’s Matching Gifts Program) on    
 the same terms as GE Aerospace employees. Under this program, the GE Aerospace Foundation 
 matches for each participant up to $5,000 for annual contributions to approved charitable 
 organizations.                                                                            |

| • | INCIDENTAL                                                                               
 BOARD MEETING EXPENSES. The company occasionally provides travel and sponsors activities 
 for spouses or other guests of the directors in connection with Board meetings. No such  
 expenses were incurred during 2024.                                                      |

No Additional Director Compensation for Independent Directors Independent directors do not receive any cash incentive compensation or pension benefits. We ceased granting stock options to directors in 2002, and no independent director had stock options outstanding as of the most recent fiscal year-end. Directors who are company employees do not receive any compensation for their services as directors.

Share Ownership Requirements for Independent Directors

| STOCK                                                     
 OWNERSHIP REQUIREMENTS (MULTIPLE OF ANNUAL CASH RETAINER) |                           |
| 5X                                                        | for independent directors |

All independent directors are required to hold at least $700,000 (which is five times the cash annual retainer) worth of GE Aerospace stock, DSUs, RSUs and/or Phantom Units while serving as a GE Aerospace director. A director has five years from joining the Board to meet this ownership threshold. All directors are in compliance with this requirement.

GE Aerospace