MALAVE JESUS JR 4
Research Summary
AI-generated summary
GE Vernova (GEV) Director Malave Jesus Jr Converts 495 RSUs (Deferred)
What Happened
- Malave Jesus Jr, a director of GE Vernova (GEV), had 495 restricted stock units (RSUs) vest on 2026-05-14. The filing shows an exercise/conversion of derivative (code M) resulting in acquisition of 495 shares at $0.00 (total $0) and a corresponding derivative disposition of 495 shares. Under his elected deferral, receipt of the shares is deferred rather than delivered immediately.
Key Details
- Transaction date: 2026-05-14; Filing date: 2026-05-18.
- Transaction codes: M (exercise/conversion of derivative) for acquisition and a derivative disposition entry; reported price $0.00; reported value $0.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes:
- F1: Reporting person elected to defer receipt of the shares until the earlier of 30 days after termination of service or a change in control.
- F2: Each RSU equals the right to receive one share of GE Vernova common stock.
- F3: These RSUs vested on the first anniversary of the grant.
- No cash purchase or open-market sale occurred; this is vesting/settlement-related reporting.
Context
- This transaction reflects routine equity compensation vesting for a director rather than a market buy or sale. Because the shares are being deferred under the director’s election, they are not being transferred into immediate beneficial ownership or sold into the market at this time.