Company: GE
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0001308179-25-000114
Chunk: 10

Company: GENERAL ELECTRIC CO
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 10
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 Aerospace Director Compensation Program are credited with interest             
 monthly based on the prior calendar month’s average yield for U.S. Treasury notes                    
 and bonds with maturities from 10 to 20 years. Phantom Units are equal in value to a                 
 share of GE Aerospace stock and are fully vested upon grant, but do not have voting rights.          
 If a director elects to defer into Phantom Units, the number of Phantom Units to be granted          
 is calculated by dividing the cash retainer deferred by the average closing price of                 
 GE Aerospace stock for the 30 days preceding and including the grant date (which is the              
 date the cash retainer would have been paid). Phantom Units accumulate quarterly dividend-equivalent 
 payments in the form of additional Phantom Units. The Phantom Units are paid out in cash             
 beginning one year after the director leaves the Board. Directors may elect to take their            
 Phantom Units payments as a lump sum or in payments spread out for up to 10 years.                   |

GE DIRECTOR COMPENSATION PROGRAM . Prior to May 7, 2024, directors were compensated under the General Electric 2003 Non-Employee Director Compensation Plan, Amended and Restated as of December 2018 (the GE Director Compensation Program). Under the GE Director Compensation Program, directors received the following annual amounts, which were payable at least 60% in deferred stock units (DSUs) and 40% in cash: (i) $275,000 for all directors, (ii) $50,000 for the lead director, (iii) $35,000 for members of the Audit Committee, (iv) $25,000 for members of the Compensation Committee, and (v) $10,000 for members of the Governance Committee. Directors could elect to defer some or all of the cash portion and instead receive additional DSUs.

| • | HOW                                                                                     
 DEFERRED STOCK UNITS WORK. Each DSU under the GE Director Compensation Program is       
 equal in value to a share of GE stock and is fully vested upon grant but does not have  
 voting rights. To calculate the number of DSUs that were granted, we divided the target 
 value of the DSUs by the average closing price of GE stock for the 20 days preceding    
 and including the grant date. DSUs accumulate quarterly dividend-equivalent payments,   
 which are reinvested into additional DSUs. The DSUs will be paid out in cash            |

22 GE Aerospace 2025 Proxy Statement beginning one year after the director leaves the Board.