Baert Steven 4
4 · GE Vernova Inc. · Filed Apr 7, 2026
Research Summary
AI-generated summary of this filing
GE Vernova CPO Steven Baert Sells 4,113 Shares for $3.7M
What Happened
Steven Baert, Chief People Officer of GE Vernova (GEV), had 8,505 restricted stock units convert to common shares on April 3, 2026. Of those, 4,113 shares were surrendered to cover tax withholding at $898.57 per share, generating proceeds of $3,695,818. The conversion of the RSUs (reported as derivative exercise/conversion) resulted in a net delivery to Baert of 4,392 shares (8,505 converted minus 4,113 withheld).
Key Details
- Transaction date: April 3, 2026; Form 4 filed April 7, 2026 (appears timely).
- Actions reported: M = exercise/conversion of derivative (8,505 RSUs converted); F = shares surrendered for tax withholding (4,113 shares disposed).
- Withholding price: $898.57 per share; proceeds from withholding: $3,695,818.
- Net shares delivered to insider: 4,392 shares (8,505 converted − 4,113 withheld).
- Footnotes: F1 clarifies each RSU equals one GE Vernova share. F2 notes these RSUs resulted from conversion of prior GE awards; one-half of that award vested April 3, 2025 and the other half vested April 3, 2026.
- Shares owned after transaction: not specified in the filing.
Context
This was a routine net settlement of vested RSUs (conversion of derivative awards and share withholding to cover taxes), not an open-market sale for cash beyond the tax withholding. Such withholdings are common when equity awards vest and do not necessarily indicate a change in the insider’s view of the company.
Insider Transaction Report
- Exercise/Conversion
Common stock, par value $0.01 per share
2026-04-03+8,505→ 21,151 total - Tax Payment
Common stock, par value $0.01 per share
2026-04-03$898.57/sh−4,113$3,695,818→ 17,038 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-04-03−8,505→ 0 total→ Common stock, par value $0.01 per share (8,505 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents the right to receive, at settlement, one share of GE Vernova Inc. ("GE Vernova") common stock.
- [F2]Represents an award of restricted stock units with respect to GE Vernova common stock that resulted from the conversion of certain equity incentive awards in connection with the consummation on April 2, 2024 of the distribution of all of the shares of common stock of GE Vernova by General Electric Company ("GE") to holders of GE common stock on a pro rata basis. Such equity incentive awards were previously granted by GE to the reporting person, of which one-half vested on April 3, 2025 and one-half vested on April 3, 2026.