Jimenez Frank R 4
Research Summary
AI-generated summary
GE HealthCare (GEHC) GC Frank Jimenez Receives Award
What Happened
- Frank R. Jimenez, General Counsel & Corporate Secretary of GE HealthCare Technologies Inc., received 22,078 shares on Feb 12, 2026 when performance stock units (PSUs) vested. The shares were recorded as an award (code A) at $0.00 because they were stock units converting into common shares.
- To cover tax withholding on the vesting, 8,357 shares were withheld/disposed (code F) at an indicated value of $79.20 per share, totaling approximately $661,874. Net shares added to his position from this vesting were 13,721 (22,078 granted minus 8,357 withheld).
Key Details
- Transaction date: February 12, 2026.
- Award: 22,078 PSUs converted to common shares (acquired at $0.00).
- Tax withholding: 8,357 shares withheld/disposed at $79.20 per share = $661,874.
- Transaction codes: A = Award/Grant (vesting of PSUs); F = Withholding to satisfy tax obligations.
- Footnotes: The PSUs were originally granted March 1, 2023; performance criteria were met and the committee certified vesting on Feb 12, 2026 (Footnote F1). Withholding was used to satisfy tax obligations (Footnote F2).
- Shares owned after the transaction: not specified in the filing.
- Filing date: Form 4 filed Feb 17, 2026 (transaction date Feb 12); the filing date appears consistent with the typical two-business-day reporting window when accounting for the Feb 16 federal holiday.
Context
- These PSUs were a compensation award that vested based on pre-set performance criteria; the award conversion is not a market purchase and does not, by itself, signal buying interest.
- The withholding of shares to cover taxes is a routine, cashless method to satisfy payroll/tax obligations and is recorded as a disposition for reporting purposes.