Company: GE
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0001308179-25-000114
Chunk: 33

Company: GENERAL ELECTRIC CO
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 33
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 the performance measure. For more information on the 2024 PSUs and the 2024 portion of the 2023 PSUs see Performance Stock Unitsbeginning on page 32. For more information on the CEO Incentive Grant see Compensation Actions for 2024 for Our Current Named Executiveson page 35.

OPTION EXERCISE PRICE. Stock option exercise prices reflect the closing price of the company’s stock on the grant date. GRANT DATE FAIR VALUE OF AWARDS. Generally, the aggregate grant date fair value of an award is the amount that the company expects to expense in its financial statements over the award’s vesting schedule.

| • | For                                                                                                                                   
 stock option awards, fair value is calculated using the Black-Scholes value of each option on the grant date, and reflects a one-year 
 holding requirement (resulting in a $60.50 per unit value for the annual 2024 stock option grants).                                   |

| • | For                                                                                                                               
 RSU awards, fair value is generally calculated based on the closing stock price grant date (resulting in a $149.32 per unit value 
 for the annual 2024 grants, which reflects a one-year holding requirement).                                                       |

| • | For PSU awards, the actual                                                                                                           
 value of units received will depend on the company’s performance, as described above. Fair value is calculated by multiplying        
 the per unit value of the award ($156.08 for the 2024 PSUs which reflects a one-year holding requirement, $179.34 for the 2024       
 portion of the 2023 PSUs for Messrs. Culp and Stokes, which reflects a one-year holding requirement, $195.35 for the 2024 portion of 
 the 2023 PSUs for Mr. Ghai, and $158.97 for the CEO Incentive Grant) by the number of units at target. The per unit value is based   
 on the closing price of the company’s stock price on the grant date, and for the 2024 PSUs and 2024 portion of the 2023 PSUs,        
 adjusted to reflect a projected impact of the relative TSR modifier using a Monte Carlo simulation.                                  |

2024 Outstanding Equity Awards at Fiscal Year-End Table The following table shows the named executives’ stock awards and option grants as of year-end. It includes unexercised options (vested and unvested), RSUs and PSUs for which vesting conditions were not yet satisfied