Company: GE
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0001308179-25-000114
Chunk: 54

Company: GENERAL ELECTRIC CO
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 54
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 their interests in our stock. We therefore prohibit them from entering into any derivative transactions in GE Aerospace stock, including any short sale, forward, equity swap, option or collar that is based on GE Aerospace’s stock price. These restrictions are contained in our Governance Principles (see Helpful Resourceson page 66). These restrictions are not applicable to other GE Aerospace employees. NO PLEDGING. We prohibit executive officers and directors from pledging GE Aerospace stock. These restrictions are contained in our Governance Principles (see Helpful Resourceson page 66). NO OPTION BACKDATING OR SPRING- LOADING. The exercise price of each stock option is based on the closing price of GE Aerospace stock on the grant date. NO OPTION REPRICING. We prohibit the repricing of stock options. This includes amending outstanding options to lower their exercise price, substituting new awards with a lower exercise price or executing a cash buyout. EQUITY GRANT TIMING CONSIDERATIONS. The Compensation Committee generally meets in February each year to consider prior year performance under our incentive programs and approve annual equity awards with a grant date of March 1st of each year (unless such date falls on a non-business day). In consideration of the timing of the spin-off of GE Vernova on April 2, 2024, however, the 2024 annual equity awards were granted on May 1, 2024, after the effective date of the spin-off. The Compensation Committee may grant equity awards at other points during the year in connection with sign-on or other grants, as circumstances require. The company’s equity grant practices reflect the Compensation Committee’s intent that grants of equity awards generally be made when the company is not in possession of material nonpublic information. The usual March 1st grant date follows the Compensation Committee meeting at which grants are approved. For 2024, the May 1st grant date for annual awards followed the completion of the spin-off of GE Vernova, and the company did not time the disclosure of any material nonpublic information during 2024 for the purpose of affecting the value of executive compensation. No stock options were granted to any named executive during 2024 during the period beginning four business days before our filing of Form 10-Q, Form 10-K, or Form 8-K that discloses material nonpublic information, and ending one business day after the filing of such report. NO UNEARNED DIVIDEND EQUIVALENTS. PSUs and RSUs granted to our named executives do