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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| GE Aerospace | NYSE:GE | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 1.15 | 0.71% | 162.41 | 163.365 | 160.3114 | 161.24 | 5,898,024 | 01:00:00 |
From Apr 2019 to Apr 2024
By Josh Beckerman
General Electric Co. said Chairman and Chief Executive Jeff Immelt will receive a 2014 long-term equity incentive grant, which is part of a broader group of changes intended to further align executive pay with company performance.
The company said its board's management development and compensation committee granted Mr. Immelt 200,000 performance share units and 500,000 stock options on Thursday.
The broader changes will includes a bonus pool that "will be more formulaically adjusted upward or downward each year" based on certain financial, operating and strategic goals. The move will "more directly align annual rewards with annual performance results," the company said.
GE also announced changes intended to better align the compensation structure for senior leaders with that of Mr. Immelt.
Last month, GE reported that its third-quarter profit and revenue increased and predicted a "very strong" fourth quarter.
Write to Josh Beckerman at josh.beckerman@wsj.com
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