Company: GE
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0001308179-25-000114
Chunk: 17

Company: GENERAL ELECTRIC CO
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 17
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 independent directors as part of these meetings, and directors led and participated in meetings as guided by shareholders’ preferences. Our engagements also included representatives from our Legal, Human Resources and Investor Relations teams. We strive to continuously improve our compensation program to drive strong alignment with company performance and with our shareholders’ expectations. For instance, the 2025 PSUs will measure cumulative performance over a three-year performance period, a decision that aligns with investor feedback. We also received consistent feedback from our investors that they were extremely pleased that the Board secured Mr. Culp’s leadership through 2027 at such a critical time for our company. Key Elements of Compensation for Our Named Executives This section provides an overview of the elements of GE Aerospace’s executive compensation program for our 2024 named executives. See Compensation Actions for 2024on page 35 for specific details about the compensation for each of our named executives employed as of December 31, 2024 (our current named executives). For compensation details for Mr. Cox and Mr. Holston, who left the company shortly after the spin-off of GE Vernova in April 2024, see Summary Compensationon page 38 and Potential Termination Paymentson page 49. Target Annual Program Compensation The table below shows the total target annual program compensation for our current named executives as of December 31, 2024. Target compensation was determined based on each executive’s scope of responsibilities, leadership skills and values, performance, length of service and market competitiveness. See Annual Program Compensation for 2024on page 34 for the total annual compensation paid to these named executives based on performance for 2024. Also see Compensation Actions for 2024 for Our Current Named Executivesbeginning on page 35 for a discussion of changes to named executive compensation during 2024, as applicable.

| 2024                     
 CURRENT NAMED EXECUTIVES |     |   |      BASE 
    SALARY |     | ANNUAL 
 BONUS  | TARGET |     |   | TARGET AMOUNT |     |   | TARGET EQUITY |     |   |      TOTAL 
     TARGET 
    PROGRAM 
      COMP. |
|:-------------------------|:----|:--|----------:|:----|:-------|:-------|:----|:--|--------------:|:----|:--|--------------:|:----|:--|-----------:|
| Culp                     |     | $ | 2,000,000 |     |        | 200%