GE HealthCare (GEHC) grants 777 restricted stock units to director Kevin Lobo
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lobo Kevin reported acquisition or exercise transactions in this Form 4 filing.
GE HealthCare Technologies Inc. director Kevin Lobo received an equity award of 777 restricted stock units of common stock. These RSUs were granted at no cash cost to him and represent compensation rather than an open-market purchase or sale.
According to the award terms, 100% of the 777 restricted stock units will vest on the earlier of GE HealthCare’s next annual meeting of stockholders or March 13, 2027. Each vested unit entitles him to receive one share of GE HealthCare common stock, and settlement may be deferred under the company’s non-employee director compensation plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lobo Kevin
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 777 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 777 shares (Direct)
Footnotes (1)
- Award of restricted stock units with respect to GE HealthCare Technologies Inc. ("GE HealthCare") common stock, of which 100% will vest on the earlier of: (i) the date of GE HealthCare's next annual meeting of stockholders and (ii) March 13, 2027. Settlement of vested restricted stock units may be deferred by the director, in which case, settlement will occur pursuant to the reporting person's applicable deferral election in accordance with GE HealthCare's Non-Employee Director Compensation and Benefits Plan. Each restricted stock unit represents the right to receive, at settlement, one share of GE HealthCare common stock.
FAQ
What did GEHC director Kevin Lobo report in this Form 4 filing?
Kevin Lobo reported receiving 777 restricted stock units of GE HealthCare common stock as director compensation. The award was granted at no cash cost and increases his directly held equity stake to 777 units, subject to vesting and potential settlement deferral elections.
When do Kevin Lobo’s GEHC restricted stock units vest?
All 777 restricted stock units vest in full on the earlier of GE HealthCare’s next annual meeting of stockholders or March 13, 2027. This single vesting date structure links the award directly to his board service during the current director term.
Is Kevin Lobo’s Form 4 transaction a market purchase or sale of GEHC stock?
The filing reports a grant of restricted stock units, not a market trade. The transaction code is “A” for a grant, and the price per share is listed as zero, indicating director equity compensation instead of an open-market purchase or sale of existing shares.
Can settlement of Kevin Lobo’s GEHC restricted stock units be deferred?
Yes. The filing states that settlement of vested restricted stock units may be deferred at the director’s election. If deferred, settlement timing will follow his deferral election under GE HealthCare’s Non-Employee Director Compensation and Benefits Plan, rather than occurring immediately at vesting.
What does each GEHC restricted stock unit granted to Kevin Lobo represent?
Each restricted stock unit represents the right to receive one share of GE HealthCare common stock at settlement. After vesting, the units convert into shares on the settlement date, either immediately or on a deferred schedule elected under the company’s non-employee director compensation program.