How Many Shares of GE Vernova Will You Receive Based on Your GE Common Stock Holdings in 2024?
You will receive one share of GE Vernova common stock for every four shares of GE common stock you held on the specified record date.
The spin-off of GE Vernova from GE is a significant event for shareholders, resulting in the distribution of new shares. This distribution allows current GE common stock holders to also become shareholders in the newly independent energy company, GE Vernova.
Understanding the GE Vernova Spin-Off Distribution
Shareholders of GE common stock are entitled to receive GE Vernova shares based on a fixed ratio. Specifically, for every four shares of GE common stock you held on the record date, you will be allocated one share of GE Vernova common stock. This ensures a proportionate distribution of the new company's equity among existing GE investors.
Here's a quick summary of the distribution details:
| Detail | Description |
|---|---|
| Exchange Ratio | 1 share of GE Vernova for every 4 shares of GE |
| Record Date | March 19, 2024 |
| Distribution Date | Expected before U.S. market open on April 2, 2024 |
Key Dates for the GE Vernova Distribution
To determine how many GE Vernova shares you will receive, it's crucial to be aware of the following dates:
- Record Date: The shares are distributed to holders of GE common stock who were on record as of March 19, 2024. To be eligible for the distribution, you must have owned GE common stock by this date.
- Distribution Date: The actual distribution of GE Vernova common stock to eligible shareholders is expected to occur before the U.S. market opens on April 2, 2024. On this date, your brokerage account should reflect the newly acquired GE Vernova shares.
Calculating Your GE Vernova Shares
To calculate the exact number of GE Vernova shares you will receive, simply divide the total number of GE common shares you held on the record date by four.
Formula: (Number of GE Common Shares Held) / 4 = Number of GE Vernova Shares Received
Example:
If you held 100 shares of GE common stock on March 19, 2024, you would be entitled to receive 25 shares of GE Vernova.
(100 GE shares / 4 = 25 GE Vernova shares)
For more detailed information regarding the spin-off, you can refer to official announcements from GE Vernova.
