---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-24-001825"
form_type: "8-K"
ticker: "GE"
cik: "0000040545"
company_name: "GENERAL ELECTRIC CO"
filed_at: "2024-07-01T23:59:59+00:00"
generated_at: "2026-06-01T00:17:53.675833+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# GE Aerospace extends CEO Larry Culp's contract through at least 2027

## Summary
- New employment agreement effective July 1, 2024 extends Culp's term to Dec 31, 2027 (extendable to Dec 31, 2028).
- Base salary $2M/year; target annual bonus 200% of base; annual equity target $15.25M starting 2025.
- One-time $50M performance equity award (310,289 PSUs at target) based on adjusted EPS CAGR through 2027.
- Existing 2020 performance share grant fully vests on Aug 17, 2024.
- Post-employment restrictive covenants (non-compete, non-solicit) for 12 months.

## SEC filing metadata
- accession: 0000950142-24-001825
- form_type: 8-K
- ticker: GE
- cik: 0000040545
- company_name: GENERAL ELECTRIC CO
- filed_at: 2024-07-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/40545/000095014224001825/0000950142-24-001825-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/40545/000095014224001825/eh240502380_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-24-001825
- JSON: https://secwatch.observer/filing/0000950142-24-001825.json
- Plain text: https://secwatch.observer/filing/0000950142-24-001825.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.