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

Company: GENERAL ELECTRIC CO
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 13
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| Pension Benefits                                                   | 46 |
| GE Aerospace Pension Plan                                          |    |
| GE Aerospace Supplementary Pension Plan                            |    |
| GE Aerospace Excess Benefits Plan                                  |    |
| Pension Benefits Table                                             |    |
| Potential Termination Payments                                     | 48 |
| Equity Awards                                                      |    |
| Pension Benefits                                                   |    |
| Deferred Compensation                                              |    |
| Life Insurance Benefits                                            |    |
| Other Executive Compensation Policies & Practices                  | 52 |
| Roles and Responsibilities in Succession Planning and Compensation |    |
| Our Policies on Compensation Consultants                           |    |
| Clawbacks and Other Remedies for Potential Misconduct              |    |
| Compensation Risk Assessment                                       |    |
| Stock Ownership and Equity Grant Policies                          |    |
| Tax Deductibility of Compensation                                  |    |
| Compensation Committee Interlocks and Insider Participation        |    |
| Management Development & Compensation Committee Report             | 53 |

26 GE Aerospace 2025 Proxy Statement

| Q&A                                                          
 with Stephen Angel,                                          
 Chair of the Management Development & Compensation Committee |

We value the regular dialogue that we have with shareholders on matters related to talent, culture and executive compensation, and this has been an area of interest for many as we have transitioned through completing two spin-offs over the past few years. We receive thoughtful questions and valuable feedback that the Board considers in our programs and actions. Below are answers to several common questions from our shareholder engagement meetings. What have the Committee’s priorities been since the launch of GE Aerospace as a standalone public company last April? We have been spending significant time on building the talent and culture best suited for a leading aerospace company. We are having regular organization and talent reviews focused on development and succession planning for critical roles. Most importantly, we were pleased to secure the continued leadership of our CEO, Larry Culp, with a new contract finalized in June. On culture, we completed our first annual company-wide employee engagement survey, and we provided a broad equity grant to our global workforce, including shop floor production workers. This grant was one of the first major investments made after the spin-off to further our culture of employees having an accountable owner’s mindset. We have also continued to enhance our executive compensation program to ensure alignment with shareholder interests. Just last month, for example, we finalized a new design for the performance stock units (PSUs) in our annual equity grants: the PSUs will now measure cumulative financial performance over three years, rather than individual years of a three-year period as in the prior