CULP H LAWRENCE JR 4

What Happened

• Larry Culp, Chairman and CEO of General Electric (GE), had performance rights settled on March 1, 2026, resulting in the acquisition of 401,646 shares (reported as $0 acquisition value). To cover tax withholding on the settlement, 169,539 shares were surrendered/disposed at $342.26 per share, totaling $58,026,418.

Key Details

• Transaction dates: March 1, 2026 (reported on Form 4 filed March 3, 2026).
• Award: 401,646 shares acquired (settlement of performance rights; footnote F1: granted March 1, 2023).
• Tax withholding/disposition: 169,539 shares at $342.26 each = $58,026,418.
• Shares owned after transaction: not specified in the summary filing provided here.
• Filing note: Form 4 was filed March 3, 2026 reporting the March 1, 2026 settlement.

Context

• This was a settlement of performance-based awards (not an open-market purchase or sale). The withholding of 169,539 shares to satisfy tax obligations is a common administrative step (cashless/net settlement) and does not necessarily signal a buy or sell decision by the insider.