You will receive one share of GE Vernova common stock for every four shares of GE common stock you held on the record date. To determine the exact number of GE Vernova shares you will get, you need to know the total number of GE common shares you owned as of the specified record date.
Key Details of the GE Vernova Share Distribution
The distribution of GE Vernova shares to GE shareholders is part of General Electric's strategic plan to separate into independent public companies. Here are the crucial details regarding how the shares were allocated:
- Distribution Ratio: For every four (4) shares of GE common stock you held, you are entitled to receive one (1) share of GE Vernova common stock.
- Record Date: Shareholders must have held GE common stock on March 19, 2024, to be eligible for the GE Vernova share distribution. This date was used to determine which GE shareholders would receive shares of GE Vernova.
- Distribution Date: The shares of GE Vernova common stock were expected to be distributed to eligible GE shareholders before the U.S. market open on April 2, 2024.
Calculating Your GE Vernova Shares
To calculate how many shares of GE Vernova you received, simply divide the number of GE common shares you owned on the record date by four.
Formula:
Number of GE Vernova Shares = (Number of GE Common Shares Held on March 19, 2024) / 4
Here are a few examples to illustrate the calculation:
| Number of GE Common Shares Held (as of March 19, 2024) | Number of GE Vernova Shares Received |
|---|---|
| 100 | 25 |
| 200 | 50 |
| 500 | 125 |
| 1,000 | 250 |
Understanding the GE Spin-off
The distribution of GE Vernova stock is a significant event in General Electric's history, marking its transformation into focused, industry-leading public companies. GE Vernova is now an independent public entity dedicated to the energy transition, encompassing GE's Power, Wind, and Digital businesses. This strategic separation aims to allow each business to pursue its own tailored growth strategies and capital allocation priorities. The remaining GE entity will operate as GE Aerospace. For more detailed information, you can refer to official press releases from GE Vernova, such as those found on their news and press releases page.
