GE said it plans a pro rata distribution to its shareholders of all outstanding GE Vernova shares to complete the Spin-Off of its renewable energy, power and digital businesses, and expects the Spin-Off to occur during the calendar week beginning with March 31, 2024.

1. 01

   GE said it plans a pro rata distribution to its shareholders of all outstanding GE Vernova shares to complete the Spin-Off of its renewable energy, power and digital businesses, and expects the Spin-Off to occur during the calendar week beginning with March 31, 2024.

2. 02

   The company said it was notified by the plan administrator on February 26, 2024 and expects a blackout period for the GE Retirement Savings Plan to begin during the calendar week beginning with March 31 and end during the calendar week beginning with April 7.

3. 03

   The company said that during the Blackout Period, Plan participants will not be able to make investment switches into or out of the GE Stock Fund, and will not be able to take loans, withdrawals or distributions from the portion of their accounts invested in the GE Stock Fund.

4. 04

   The company said directors and executive officers may not buy, sell, acquire or transfer GE equity securities acquired in connection with their service or employment during the Blackout Period, and notified them that violations could result in forfeiture of profits and civil and criminal penalties.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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