Company: GE
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0001308179-25-000114
Chunk: 29

Company: GENERAL ELECTRIC CO
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 29
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 N/A |
| Stokes   | $ | 1,499,977 | $ |     847,415 |
| Meisner  | $ | 1,049,978 | $ |      42,240 |
| Phillips | $ | 1,049,978 | $ |      16,843 |
| Cox      |   |       N/A | $ |     901,610 |
| Holston  |   |       N/A | $ |     194,751 |

Stock Options. Reflects the grant date fair value of stock options granted in 2024. Spin-off Equitable Adjustments. Reflects the incremental fair value resulting from the equitable treatment of outstanding employee equity awards in the GE Vernova spin-off. Pursuant to accounting guidance prescribed under FASB ASC Topic 718, the treatment resulted in a grant modification expense, which in accordance with SEC rules is reportable as compensation. The incremental fair value is determined by comparing the aggregate fair value of the outstanding awards immediately before and after the modification. See Spin-Off Equitable Adjustmentson page 34. NON-EQUITY INCENTIVE PLAN COMPENSATION. The amounts reported under “Non-Equity Incentive Plan Compensation” in the Summary Compensation Table include the below. AEIP. Reflects amounts earned under the AEIP. See the 2024 Grants of Plan-Based Awards Tableon page 41 and Bonuses under the Annual Executive Incentive Planon page 30 for additional information. Transaction Incentive Awards.For Messrs. Cox and Holston this also reflects their transaction incentive awards. As previously reported, the Compensation Committee granted these awards to Messrs. Cox and Holston in 2022 to further the objectives of incentivizing and retaining critical Corporate talent needed to establish three industry-leading independent companies. These transaction incentive awards were tied to the successful completion of the spin-offs and to individualized performance criteria. The awards were certified at maximum performance for both Messrs. Cox and Holston ($6.25 million), reflecting the evaluation of their leadership of critical aspects of the execution of both spin-offs, including recruiting senior management and directors for all three companies and managing significant human resources, legal, compliance, policy and other matters throughout the process.

CHANGE IN PENSION VALUE & DEFERRED COMP. Sum of the change in pension value and above-market earnings on nonqualified deferred compensation, which break down as shown in the following table. Three named executives had a negative change in pension value, which is shown below