Company: GE
Filing Date: 2025-02-03
Form Type: 10-K
Source: 0000040545-25-000015
Chunk: 152

Company: GENERAL ELECTRIC CO
Filing Date: 2025-02-03
Form: 10-K
Item: Item 3
Chunk 152
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 Black-Scholes valuation for stock options include: risk free rates of 4.6%, 4.2%, and 1.6%, dividend yields of 0.7%, 0.4%, and 0.4%, expected volatility of 36%, 36%, and 37%, expected lives of 6.1 years, 6.8 years, and 6.8 years, and strike prices of $160.51, $88.15, and $92.33 for 2024, 2023 and 2022, respectively. STOCK-BASED COMPENSATION ACTIVITYStock optionsRSUsShares (in thousands)Weighted average exercise priceWeighted average contractual term (in years)Intrinsic value (in millions)Shares (in thousands)Weighted average grant date fair valueWeighted average contractual term (in years)Intrinsic value (in millions)Outstanding at January 1, 202422,573 $122.35 8,103 $76.52 Spin-off adjustment(a)1,941 N/A(2,224)N/AGranted995 160.51 1,503 160.70 Exercised(13,401)111.31 (3,452)67.89 Forfeited(125)98.68 (324)91.53 Expired(1,066)152.97 N/AN/AOutstanding at December 31, 202410,917 $91.78 3.6$819 3,607 $103.70 1.6$602 Exercisable at December 31, 20249,829 $85.52 3.0$799 N/AN/AN/AN/AExpected to vest887 $146.70 9.2$18 3,199 $100.77 1.5$534 (a) The spin-off adjustment represents the net of shares converted into new GE Aerospace awards and shares converted and transferred to GE Vernova Inc. as a result of the April 2, 2024 separation of GE Vernova. Total outstanding target PSUs at December 31, 2024 were 1,104 thousand shares with a weighted average fair value of $129.79. The intrinsic value and weighted average contractual term of target PSUs outstanding were $184 million and 2.1 years, respectively. 

2024 FORM