GE's 2023 Executive Compensation & Governance Details

Ticker: GE · Form: DEF 14A · Filed: 2024-03-14T00:00:00.000Z

Sentiment: neutral

Topics: proxy-statement, executive-compensation, corporate-governance, equity-awards

TL;DR

GE dropped its 2023 proxy statement - check out exec pay details and equity awards.

AI Summary

General Electric Co. filed its DEF 14A on March 14, 2024, for the fiscal year ending December 31, 2023. The filing details executive compensation and other corporate governance matters. Key information includes data related to equity awards granted and outstanding for both PEO (Principal Executive Officer) and Non-PEO members for the fiscal year 2023.

Why It Matters

This filing provides shareholders with crucial information regarding how executive compensation is structured and awarded, impacting company performance and shareholder value.

Risk Assessment

Risk Level: low — This is a routine annual filing (DEF 14A) detailing executive compensation and corporate governance, not indicating new or unusual risks.

Key Numbers

2023 — Fiscal Year (Reporting period for compensation and equity award data.)
2022 — Prior Fiscal Year (Used for comparative analysis of compensation and equity awards.)

Key Players & Entities

GENERAL ELECTRIC CO (company) — Filer
0000040545 (company) — Central Index Key
20240314 (date) — Filing Date
2023-12-31 (date) — Fiscal Year End

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing, also known as a Proxy Statement, is used by companies to solicit proxies from shareholders for an upcoming annual meeting, providing details on matters to be voted upon, including executive compensation, director elections, and other corporate governance issues.

When was this DEF 14A filing submitted by General Electric Co.?

General Electric Co. filed this DEF 14A on March 14, 2024.

What fiscal year does this filing primarily cover?

This filing primarily covers the fiscal year ending December 31, 2023.

What specific compensation-related data is highlighted in the filing's structure?

The filing structure indicates details on 'LessValueOfEquityAwardsReportedInTheSummaryCompensationTableMember', 'AddYearEndValueOfEquityAwardsGrantedIn2023ThatAreUnvestedAndOutstandingMember', and 'AddChangeInFairValueFromPriorYearEndOfPriorYearEquityAwardsThatAreUnvestedAndOutstandingMember' for both PEO and Non-PEO members.

Where is General Electric Co. headquartered?

General Electric Co. is headquartered in Boston, MA, with its business and mailing address listed as One Financial Center, Suite 3700, Boston, MA 02111.

From the Filing

0001308179-24-000139.txt : 20240314 0001308179-24-000139.hdr.sgml : 20240314 20240314161256 ACCESSION NUMBER: 0001308179-24-000139 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 124 CONFORMED PERIOD OF REPORT: 20240507 FILED AS OF DATE: 20240314 DATE AS OF CHANGE: 20240314 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL ELECTRIC CO CENTRAL INDEX KEY: 0000040545 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) [3600] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 140689340 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-00035 FILM NUMBER: 24750263 BUSINESS ADDRESS: STREET 1: ONE FINANCIAL CENTER STREET 2: SUITE 3700 CITY: BOSTON STATE: MA ZIP: 02111 BUSINESS PHONE: 617-443-3000 MAIL ADDRESS: STREET 1: ONE FINANCIAL CENTER STREET 2: SUITE 3700 CITY: BOSTON STATE: MA ZIP: 02111 DEF 14A 1 lge2024_def14a.htm GENERAL ELECTRIC CO - DEF 14A false 0000040545 DEF 14A GENERAL ELECTRIC CO 0000040545 2023-01-01 2023-12-31 0000040545 2022-01-01 2022-12-31 0000040545 2021-01-01 2021-12-31 0000040545 2020-01-01 2020-12-31 0000040545 ecd:PeoMember ge:LessValueOfEquityAwardsReportedInTheSummaryCompensationTableMember 2023-01-01 2023-12-31 0000040545 ecd:NonPeoNeoMember ge:LessValueOfEquityAwardsReportedInTheSummaryCompensationTableMember 2023-01-01 2023-12-31 0000040545 ecd:PeoMember ge:AddYearEndValueOfEquityAwardsGrantedIn2023ThatAreUnvestedAndOutstandingMember 2023-01-01 2023-12-31 0000040545 ecd:NonPeoNeoMember ge:AddYearEndValueOfEquityAwardsGrantedIn2023ThatAreUnvestedAndOutstandingMember 2023-01-01 2023-12-31 0000040545 ecd:PeoMember ge:AddChangeInFairValueFromPriorYearEndOfPriorYearEquityAwardsThatAreUnvestedAndOutstandingMember 2023-01-01 2023-12-31 0000040545 ecd:NonPeoNeoMember ge:AddChangeInFairValueFromPriorYearEndOfPriorYearEquityAwardsThatAreUnvestedAndOutstandingMember 2023-01-01 2023-12-31 0000040545 ecd:PeoMember ge:AddFairMarketValueOfEquityAwardsGrantedIn2023AndThatVestedIn2023Member 2023-01-01 2023-12-31 0000040545 ecd:NonPeoNeoMember ge:AddFairMarketValueOfEquityAwardsGrantedIn2023AndThatVestedIn2023Member 2023-01-01 2023-12-31 0000040545 ecd:PeoMember ge:AddChangeInFairValueFromPriorYearEndOfPriorYearEquityAwardsThatVestedIn2023Member 2023-01-01 2023-12-31 0000040545 ecd:NonPeoNeoMember ge:AddChangeInFairValueFromPriorYearEndOfPriorYearEquityAwardsThatVestedIn2023Member 2023-01-01 2023-12-31 0000040545 ecd:PeoMember ge:LessPriorYearEndFairValueOfPriorYearEquityAwardsThatFailedToVestIn2023Member 2023-01-01 2023-12-31 0000040545 ecd:NonPeoNeoMember ge:LessPriorYearEndFairValueOfPriorYearEquityAwardsThatFailedToVestIn2023Member 2023-01-01 2023-12-31 0000040545 ecd:PeoMember ge:AddDividendsAndDividendEquivalentPaymentsPaidDuring2023OnUnvestedEquityAwardsMember 2023-01-01 2023-12-31 0000040545 ecd:NonPeoNeoMember ge:AddDividendsAndDividendEquivalentPaymentsPaidDuring2023OnUnvestedEquityAwardsMember 2023-01-01 2023-12-31 0000040545 ecd:PeoMember ge:LessChangeInPresentValueOfAccumulatedPensionPlanBenefitsReportedInTheSummaryCompensationTableMember 2023-01-01 2023-12-31 0000040545 ecd:NonPeoNeoMember ge:LessChangeInPresentValueOfAccumulatedPensionPlanBenefitsReportedInTheSummaryCompensationTableMember 2023-01-01 2023-12-31 0000040545 ecd:PeoMember ge:AddServiceCostForDefinedBenefitAndPensionPlansMember 2023-01-01 2023-12-31 0000040545 ecd:NonPeoNeoMember ge:AddServiceCostForDefinedBenefitAndPensionPlansMember 2023-01-01 2023-12-31 0000040545 ecd:PeoMember ge:AddPriorServiceCostForDefinedBenefitAndPensionPlansMember 2023-01-01 2023-12-31 0000040545 ecd:NonPeoNeoMember ge:AddPriorServiceCostForDefinedBenefitAndPensionPlansMember 2023-01-01 2023-12-31 0000040545 1 2023-01-01 2023-12-31 0000040545 2 2023-01-01 2023-12-31 0000040545 3 2023-01-01 2023-12-31 0000040545 4 2023-01-01 2023-12-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure UNITED STATES   SECURITIES AND EXCHANGE COMM