Newcomb George A. 4
Research Summary
AI-generated summary
GE HealthCare (GEHC) Chief Accounting Officer George Newcomb Receives Award
What Happened
- George A. Newcomb, Chief Accounting Officer of GE HealthCare Technologies Inc. (GEHC), reported the vesting of 2,523 performance stock units (PSUs) on February 12, 2026 (transaction code A). The PSUs were granted March 1, 2023, and vested after certification of performance criteria.
- To satisfy tax withholding on the vested PSUs (transaction code F), 802 shares were withheld/disposed at $79.20 per share, equal to approximately $63,518. The PSUs were acquired at $0 cost upon vesting; the gross value of the vested 2,523 shares (using the $79.20 price) is about $199,822.
Key Details
- Transaction date: February 12, 2026; Form 4 filed February 17, 2026 (appears to be a late filing relative to the 2-business-day rule).
- Award: 2,523 PSUs vested (each convertible to one share) — reported as acquisition at $0.00.
- Tax withholding: 802 shares withheld at $79.20/share → $63,518 withheld to cover tax obligations.
- Shares owned after transaction: not specified in the information provided in this summary/form.
- Footnotes: PSUs were granted 3/1/2023 and vested 2/12/2026 after committee certification; withholding was to satisfy tax obligations (cashless withholding).
- Filing timeliness: Filing covers activity on Feb 12 but was filed on Feb 17; late filings can be administrative oversights but are worth noting.
Context
- This was not an open-market sale or purchase — it was the routine vesting of performance-based equity and the company withholding shares to pay taxes. Withholding of shares for taxes (cashless settlement) is common and shouldn’t be interpreted as a directional market bet by the insider.
- For retail investors, awards/vests show executive compensation being realized but don’t necessarily signal bullish or bearish views; purchases are typically more indicative of insider confidence.