GE Aerospace management check
GE · Industrials · Aerospace & Defense · CEO H. Lawrence Culp, Jr.
Filings as of
4 good · 2 to watch · 0 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $586, against $189 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.69 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- n/a
What does the CEO cost owners?
Not enough dataNo pay or net income figure for the latest year.
- Watch
Do they own the stock?
Insiders are selling3 insiders sold $7.2m in the last six months and none bought.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -1.4% a year over the last three fiscal years. Stock-based pay was 0.7% of revenue in the latest year.
- Watch
Is leadership stable?
10 leadership filings in 3 yearsCEO in the pay table: H. Lawrence Culp, Jr.. 10 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Industrials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 100 | 55 | |
| Pay for performance | 85 | 86 | |
| CEO cost | — | — | 48 |
| Skin in the game | — | — | 55 |
| Dilution | 68 | 62 | |
| Stable leadership | 75 | 75 | |
| Clean books | 100 | 100 |
Closest peers
Others in Aerospace & Defense, by management score. GE Aerospace is 3rd of 81 in its sector.
- 21GEGE Aerospace85
- 44RTXRTX Corporation82
- 98HWMHowmet Aerospace76
- 113NOCNorthrop Grumman75
- 130LMTLockheed Martin73
- 154GDGeneral Dynamics72
- 206TXTTextron68
- 217TDGTransDigm Group67
- 310LHXL3Harris61
- 382HIIHuntington Ingalls Industries55
Pay versus performance
From the proxy statement filed March 12, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | H. Lawrence Culp, Jr. | $45.6m | $213.5m | $9.4m | $586 | $189 | — |
| 2024 | H. Lawrence Culp, Jr. | $89.0m | $284.7m | $8.8m | $316 | $158 | — |
| 2023 | H. Lawrence Culp, Jr. | $14.7m | $182.5m | $7.7m | $191 | $135 | — |
| 2022 | H. Lawrence Culp, Jr. | $8.2m | −$23.8m | $9.0m | $98 | $114 | — |
| 2021 | H. Lawrence Culp, Jr. | $22.7m | $21.3m | $8.6m | $110 | $121 | — |
The board says pay is tied most to Free cash flow. Its other key measures: Free Cash Flow*, Adjusted Revenue Growth*, Operating Profit*, Adjusted Earnings Per Share*.
Insiders and the CEO's stake
3 insiders sold $7.2m in the last six months and none bought.
- SoldRobert M. GigliettiVice President$3.8mAug 11, 2026
- SoldMohamed AliSenior Vice President$2.9mJul 24, 2026
- SoldRiccardo ProcacciSenior Vice President$528kJul 23, 2026
Leadership and governance on file
- Sep 22, 2026Leadership change8-K 5.02
- Jun 11, 2026Leadership change8-K 5.02
- May 7, 2026Leadership change8-K 5.02
- Jan 15, 2026Leadership change8-K 5.02
- Oct 1, 2025Leadership change8-K 5.02
- Jul 1, 2024Leadership change8-K 5.02
- Apr 8, 2024Leadership change8-K 5.02
- Feb 29, 2024Leadership change8-K/A 5.02
- Jan 16, 2024Leadership change8-K/A 5.02
- Nov 14, 2023Leadership change8-K 5.02
- May 18, 2023Leadership change8-K 5.02
- Mar 14, 2023Leadership change8-K 5.02
Latest shareholder vote results: May 7, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $15.8bn returned to owners in buybacks and dividends, 84% of net income, and $1.3bn of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $56.5bn | $29.1bn | $35.3bn | $38.7bn | $45.9bn |
| Net income | −$6.3bn | $336.0m | $9.5bn | $6.6bn | $8.7bn |
| Stock-based pay | $305.0m | $143.0m | $192.0m | $286.0m | $325.0m |
| Buybacks | $107.0m | $1.0bn | $1.2bn | $5.8bn | $7.6bn |
| Dividends | — | — | — | — | — |
| Diluted shares | 1098m | 1101m | 1099m | 1094m | 1068m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.