0000040545 2025-01-01 2025-12-31 0000040545 2024-01-01 2024-12-31 0000040545 2023-01-01 2023-12-31 0000040545 2022-01-01 2022-12-31 0000040545 2021-01-01 2021-12-31 0000040545 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember 2025-01-01 2025-12-31 0000040545 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000040545 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2025-01-01 2025-12-31 0000040545 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000040545 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2025-01-01 2025-12-31 0000040545 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000040545 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:PeoMember 2025-01-01 2025-12-31 0000040545 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000040545 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2025-01-01 2025-12-31 0000040545 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000040545 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:PeoMember 2025-01-01 2025-12-31 0000040545 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000040545 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:PeoMember 2025-01-01 2025-12-31 0000040545 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000040545 ecd:AggtChngPnsnValInSummryCompstnTblForAplblYrMember ecd:PeoMember 2025-01-01 2025-12-31 0000040545 ecd:AggtChngPnsnValInSummryCompstnTblForAplblYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000040545 ecd:PnsnAdjsSvcCstMember ecd:PeoMember 2025-01-01 2025-12-31 0000040545 ecd:PnsnAdjsSvcCstMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000040545 ecd:PnsnAdjsPrrSvcCstMember ecd:PeoMember 2025-01-01 2025-12-31 0000040545 ecd:PnsnAdjsPrrSvcCstMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000040545 1 2025-01-01 2025-12-31 0000040545 2 2025-01-01 2025-12-31 0000040545 3 2025-01-01 2025-12-31 0000040545 4 2025-01-01 2025-12-31 iso4217:USD General Electric Company 0000040545 DEF 14A false <div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">The company’s equity grant practices reflect the Compensation Committee's intent that grants of equity awards generally be made when the company is not in possession of material nonpublic information. The usual March 1st grant date follows the Compensation Committee meeting at which grants are approved. Because March 1, 2025 was a non-business day, the company granted the annual 2025 equity awards on March 3, 2025, and the company did not time the disclosure of any material nonpublic information during 2025 for the purpose of affecting the value of executive compensation. No stock options were granted to any named executive during 2025 during the period beginning four business days before our filing of Form 10‑Q, Form 10‑K, or Form 8‑K that discloses material nonpublic information, and ending one business day after the filing of such report.</span></div> The company’s equity grant practices reflect the Compensation Committee's intent that grants of equity awards generally be made when the company is not in possession of material nonpublic information. true The usual March 1st grant date follows the Compensation Committee meeting at which grants are approved. Because March 1, 2025 was a non-business day, the company granted the annual 2025 equity awards on March 3, 2025, and the company did not time the disclosure of any material nonpublic information during 2025 for the purpose of affecting the value of executive compensation. true false true <div style="margin-bottom:8pt"><span id="i661974df623646ddb26d7c3cc49ecc82_19456"></span><span style="color:#0c2340;font-family:'Arial',sans-serif;font-size:15pt;font-weight:700;line-height:100%">Pay Versus Performance</span><span style="color:#0c2340;font-family:'Arial',sans-serif;font-size:15pt;font-style:italic;font-weight:700;line-height:100%"> </span></div><div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">In accordance with Section 953(a) of the Dodd‑Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S‑K, we are providing the following information about the relationships between compensation actually paid to named executives and company performance. In this section, we refer to “compensation actually paid” and other terms used in the applicable SEC rules. For information concerning the company’s compensation philosophy and how the company aligns executive compensation with its financial and operational performance, refer to </span><span style="color:#005db9;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Incentive Compensation </span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">starting on page </span><span style="color:#005db9;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%"><a href="#i007382327c734c1098b569f2d34e061a_833" style="color:#005db9;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%;text-decoration:none">41</a></span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">. We refer collectively to awards of RSUs, PSUs, performance shares and stock options as equity awards in this Pay versus Performance section.</span></div><div style="margin-bottom:4pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.354%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.769%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.596%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.466%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.203%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.072%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.748%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.445%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.769%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.596%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.072%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.960%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.596%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.566%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.596%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.112%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.354%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.820%"></td><td style="width:0.1%"></td></tr><tr style="height:23pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">YEAR</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:3.9pt;font-weight:700;line-height:130%;position:relative;top:-2.1pt;vertical-align:baseline">(1)</span></div></td><td colspan="6" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">SUMMARY</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">COMPENSATION</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">TABLE TOTAL FOR PEO</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:3.9pt;font-weight:700;line-height:130%;position:relative;top:-2.1pt;vertical-align:baseline">(1)</span></div></td><td colspan="6" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">COMPENSATION</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">ACTUALLY PAID</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">TO PEO</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:3.9pt;font-weight:700;line-height:130%;position:relative;top:-2.1pt;vertical-align:baseline">(1)(2)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">AVERAGE SUMMARY</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">COMPENSATION</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">TABLE TOTAL FOR</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">NON‑PEO NAMED</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">EXECUTIVES</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:3.9pt;font-weight:700;line-height:130%;position:relative;top:-2.1pt;vertical-align:baseline">(1)</span></div></td><td colspan="6" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">AVERAGE</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">COMPENSATION</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">ACTUALLY PAID</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">TO NON‑PEO</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">NAMED</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">EXECUTIVES</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:3.9pt;font-weight:700;line-height:130%;position:relative;top:-2.1pt;vertical-align:baseline">(1)(2)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="12" style="border-bottom:1pt solid #005db9;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">VALUE OF INITIAL FIXED $100<br/>INVESTMENT BASED ON:</span></td><td colspan="6" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">NET</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">INCOME</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">($M)</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:3.9pt;font-weight:700;line-height:130%;position:relative;top:-2.1pt;vertical-align:baseline">(5)</span></div></td><td colspan="6" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">COMPANY-</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">SELECTED</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">PERFORMANCE</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">MEASURE:</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">FREE CASH</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">FLOW</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">($M)</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:3.9pt;font-weight:700;line-height:130%;position:relative;top:-2.1pt;vertical-align:baseline">(5)(6)</span></div></td></tr><tr style="height:33pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #005db9;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">TOTAL<br/>SHAREHOLDER<br/>RETURN</span></td><td colspan="6" style="border-top:1pt solid #005db9;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">PEER GROUP</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">TOTAL</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">SHAREHOLDER</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">RETURN</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:3.9pt;font-weight:700;line-height:130%;position:relative;top:-2.1pt;vertical-align:baseline">(4)</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #005db9;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">2025</span></td><td colspan="3" style="border-top:1pt solid #005db9;padding:0 1pt"></td><td style="border-top:1pt solid #005db9;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:1pt solid #005db9;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">45,616,160 </span></td><td style="border-top:1pt solid #005db9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #005db9;padding:0 1pt"></td><td style="border-top:1pt solid #005db9;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:1pt solid #005db9;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">213,466,111 </span></td><td style="border-top:1pt solid #005db9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:4.87pt;font-weight:400;line-height:130%;position:relative;top:-2.62pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="border-top:1pt solid #005db9;padding:0 1pt"></td><td style="border-top:1pt solid #005db9;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:1pt solid #005db9;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">9,447,149 </span></td><td style="border-top:1pt solid #005db9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #005db9;padding:0 1pt"></td><td style="border-top:1pt solid #005db9;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:1pt solid #005db9;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">29,277,772 </span></td><td style="border-top:1pt solid #005db9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:4.87pt;font-weight:400;line-height:130%;position:relative;top:-2.62pt;vertical-align:baseline">(3)</span></div></td><td colspan="3" style="border-top:1pt solid #005db9;padding:0 1pt"></td><td style="border-top:1pt solid #005db9;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:1pt solid #005db9;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">586 </span></td><td style="border-top:1pt solid #005db9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #005db9;padding:0 1pt"></td><td style="border-top:1pt solid #005db9;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:1pt solid #005db9;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">189 </span></td><td style="border-top:1pt solid #005db9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #005db9;padding:0 1pt"></td><td style="border-top:1pt solid #005db9;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:1pt solid #005db9;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">8,698 </span></td><td style="border-top:1pt solid #005db9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #005db9;padding:0 1pt"></td><td style="border-top:1pt solid #005db9;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:1pt solid #005db9;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">7,694 </span></td><td style="border-top:1pt solid #005db9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">88,954,586 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">284,666,600 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">8,750,322 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">16,162,691 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">316 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">158 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">6,556 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">6,089 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">14,698,285 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">182,548,275 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">7,708,170 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">24,033,475 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">191 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">135 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">9,443 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">5,150 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">8,198,024 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">(23,798,500)</span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">8,969,318 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">3,579,820 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">98 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">114 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">292 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">4,758 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">2021</span></td><td colspan="3" style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">22,663,449 </span></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">21,302,944 </span></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">8,584,656 </span></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">7,655,599 </span></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">110 </span></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">121 </span></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">(6,591)</span></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">1,889 </span></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 45616160 213466111 9447149 29277772 586 189 8698000000 7694000000 88954586 284666600 8750322 16162691 316 158 6556000000 6089000000 14698285 182548275 7708170 24033475 191 135 9443000000 5150000000 8198024 -23798500 8969318 3579820 98 114 292000000 4758000000 22663449 21302944 8584656 7655599 110 121 -6591000000 1889000000 <span style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:8.85pt">The named executives included in the above table were:</span><div style="margin-bottom:4pt;padding-left:14.4pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.969%"><tr><td style="width:1.0%"></td><td style="width:9.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.868%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:65.776%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">YEAR</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">PRINCIPAL EXECUTIVE<br/>OFFICER (PEO) </span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">NON‑PEO NAMED EXECUTIVES</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #005db9;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">2025</span></td><td colspan="3" style="border-top:1pt solid #005db9;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">H. Lawrence Culp, Jr.</span></td><td colspan="3" style="border-top:1pt solid #005db9;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">Rahul Ghai, Russell Stokes, Mohamed Ali, John Phillips, III</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">2024</span></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">H. Lawrence Culp, Jr.</span></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">Rahul Ghai, Russell Stokes, Christian Meisner, John Phillips, III, L. Kevin Cox, Michael Holston</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">H. Lawrence Culp, Jr.</span></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">Rahul Ghai, Carolina Dybeck Happe, Russell Stokes, Michael Holston, L. Kevin Cox</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">H. Lawrence Culp, Jr.</span></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">Carolina Dybeck Happe, John Slattery, Peter Arduini, Russell Stokes</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">2021</span></td><td colspan="3" style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">H. Lawrence Culp, Jr.</span></td><td colspan="3" style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">Carolina Dybeck Happe, John Slattery, Russell Stokes, Kieran Murphy</span></td></tr></table></div> H. Lawrence Culp, Jr. H. Lawrence Culp, Jr. H. Lawrence Culp, Jr. H. Lawrence Culp, Jr. H. Lawrence Culp, Jr. <span style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:8.85pt">The assumptions we used to calculate the values for RSUs, PSUs and performance shares included in the calculation of compensation actually paid did not differ materially from those used to calculate grant date fair value for such awards. The assumptions we used to calculate the value for stock options did not differ materially from those used to calculate grant date fair value for such awards; we used a Black‑Scholes value as of the applicable year‑end or vesting date(s), determined using the same methodology we use to determine grant date fair value, except that we used (a) the closing stock price on the applicable revaluation date as the current market price and (b) a reduced expected life, given applicable time lapsed since grant date.</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:8.85pt">For 2021 and 2022, the financial performance results included in the table reflect our financial performance prior to the spin‑off of GE HealthCare and do not reflect the reclassification of our HealthCare business into discontinued operations or the adoption of certain accounting standards updates. For 2021, 2022 and 2023, the financial performance results included in the table reflect our financial performance prior to the spin‑off of GE Vernova and do not reflect the reclassification of our GE Vernova business into discontinued operations. Beginning with 2025, we include dispositions of property, plant and equipment in the calculation of free cash flow.</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:8.85pt">Free cash flow is the financial measure from the tabular list of Most Important Financial Measures below, which represents the most important performance measure used to link compensation actually paid to our named executives in 2025 to the company’s performance. Free cash flow is a non‑GAAP financial measure. For information on why the company reports free cash flow and how it is calculated, refer to the </span><span style="color:#005db9;font-family:'Arial',sans-serif;font-size:7pt;font-weight:400;line-height:130%">Explanation of Non‑GAAP Financial Measures and Performance Metrics</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-weight:400;line-height:130%"> on page </span><span style="color:#005db9;font-family:'Arial',sans-serif;font-size:7pt;font-weight:400;line-height:130%"><a href="#i007382327c734c1098b569f2d34e061a_1034" style="color:#005db9;font-family:'Arial',sans-serif;font-size:7pt;font-weight:400;line-height:130%;text-decoration:none">73</a></span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-weight:400;line-height:130%">. </span><div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">In accordance with Item 402(v) of Regulation S‑K, the company is providing the following descriptions of the relationships between information presented in the Pay versus Performance table. The calculation of compensation actually paid in each of the years shown reflects required adjustments to equity award valuations under SEC rules, which were in turn impacted by our stock price performance and cancellation of performance‑based awards that did not meet their established thresholds, if any. When the committee selected performance measures in support of the design of our 2025 executive compensation program, it focused on factors that it believed would further the company’s and business units’ goals for the year, align with GE Aerospace’s long‑term strategic objectives and contribute to the creation of long‑term shareholder value, including our ability to generate free cash flow, adjusted revenue growth and operating profit, as well as our adjusted earnings per share and operational measures such as safety performance. For more information about these factors and decisions that impacted the 2025 compensation of our named executive officers, see the </span><span style="color:#005db9;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Compensation Discussion &amp; Analysis</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> section of this proxy statement.</span></div> <span style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:8.85pt">The 2025 compensation actually paid to our PEO and the average compensation actually paid to our non‑PEO named executives reflects the following adjustments required by the applicable SEC rules from Total compensation reported in the Summary Compensation Table:</span><div style="margin-bottom:4pt;padding-left:14.4pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.969%"><tr><td style="width:1.0%"></td><td style="width:68.587%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.206%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.681%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.181%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.745%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">PEO</span></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">AVERAGE OF NON‑PEOs</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #005db9;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#005db9;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:130%">TOTAL REPORTED IN 2025 SUMMARY COMPENSATION TABLE</span></td><td colspan="3" style="border-top:1pt solid #005db9;padding:0 1pt"></td><td style="border-top:1pt solid #005db9;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#005db9;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:700;line-height:130%">$</span></td><td style="border-top:1pt solid #005db9;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#005db9;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:700;line-height:130%">45,616,160</span><span style="color:#005db9;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%"> </span></td><td style="border-top:1pt solid #005db9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #005db9;padding:0 1pt"></td><td style="border-top:1pt solid #005db9;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#005db9;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:700;line-height:130%">$</span></td><td style="border-top:1pt solid #005db9;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#005db9;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:700;line-height:130%">9,447,149</span><span style="color:#005db9;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%"> </span></td><td style="border-top:1pt solid #005db9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 15.4pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Less, value of equity awards reported in the Summary Compensation Table</span></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">32,139,930 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">5,896,174 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 15.4pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Add, year‑end value of equity awards granted in 2025 that are unvested and outstanding</span></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">70,981,180 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">12,767,359 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 15.4pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Add, change in fair value (from prior year‑end) of prior year equity awards that are unvested and outstanding</span></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">131,572,969 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">10,704,131 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Add, vesting date fair market value of equity awards granted in 2025 and that vested in 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">- </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">- </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 15.4pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Add, change in fair value (from prior year‑end) of prior year equity awards that vested in 2025</span></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">- </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">2,719,752 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Less, prior year‑end fair value of prior year equity awards that failed to vest in 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">- </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">- </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Add, dividends and dividend equivalent payments paid during 2025 on unvested equity awards</span></div></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">- </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">- </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 15.4pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Less, change in present value of accumulated pension plan benefits reported in the Summary Compensation Table</span></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">3,213,268 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">551,694 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 15.4pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Add, service cost for defined benefit and pension plans</span></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">649,000 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">87,250 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 15.4pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Add, prior service cost for defined benefit and pension plans</span></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">- </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">- </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Compensation Actually Paid for Fiscal Year 2025</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">213,466,111 </span></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">29,277,772 </span></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:4pt;padding-left:14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-weight:400;line-height:130%">Certain columns may not add due to the use of rounded numbers.</span></div> <span style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:8.85pt">The 2025 compensation actually paid to our PEO and the average compensation actually paid to our non‑PEO named executives reflects the following adjustments required by the applicable SEC rules from Total compensation reported in the Summary Compensation Table:</span><div style="margin-bottom:4pt;padding-left:14.4pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.969%"><tr><td style="width:1.0%"></td><td style="width:68.587%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.206%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.681%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.181%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.745%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">PEO</span></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:6pt;font-weight:700;line-height:130%">AVERAGE OF NON‑PEOs</span></div></td></tr><tr><td colspan="3" style="border-top:1pt solid #005db9;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#005db9;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:130%">TOTAL REPORTED IN 2025 SUMMARY COMPENSATION TABLE</span></td><td colspan="3" style="border-top:1pt solid #005db9;padding:0 1pt"></td><td style="border-top:1pt solid #005db9;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#005db9;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:700;line-height:130%">$</span></td><td style="border-top:1pt solid #005db9;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#005db9;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:700;line-height:130%">45,616,160</span><span style="color:#005db9;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%"> </span></td><td style="border-top:1pt solid #005db9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:1pt solid #005db9;padding:0 1pt"></td><td style="border-top:1pt solid #005db9;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#005db9;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:700;line-height:130%">$</span></td><td style="border-top:1pt solid #005db9;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#005db9;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:700;line-height:130%">9,447,149</span><span style="color:#005db9;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%"> </span></td><td style="border-top:1pt solid #005db9;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 15.4pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Less, value of equity awards reported in the Summary Compensation Table</span></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">32,139,930 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">5,896,174 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 15.4pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Add, year‑end value of equity awards granted in 2025 that are unvested and outstanding</span></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">70,981,180 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">12,767,359 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 15.4pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Add, change in fair value (from prior year‑end) of prior year equity awards that are unvested and outstanding</span></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">131,572,969 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">10,704,131 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Add, vesting date fair market value of equity awards granted in 2025 and that vested in 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">- </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">- </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 15.4pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Add, change in fair value (from prior year‑end) of prior year equity awards that vested in 2025</span></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">- </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">2,719,752 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Less, prior year‑end fair value of prior year equity awards that failed to vest in 2025</span></div></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">- </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">- </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Add, dividends and dividend equivalent payments paid during 2025 on unvested equity awards</span></div></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">- </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">- </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 15.4pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Less, change in present value of accumulated pension plan benefits reported in the Summary Compensation Table</span></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">3,213,268 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">551,694 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 15.4pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Add, service cost for defined benefit and pension plans</span></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">649,000 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">87,250 </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 15.4pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Add, prior service cost for defined benefit and pension plans</span></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">- </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #808080;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">- </span></td><td style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Compensation Actually Paid for Fiscal Year 2025</span></div></td><td colspan="3" style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">213,466,111 </span></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:0 1pt"></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">$</span></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7.5pt;font-weight:400;line-height:130%">29,277,772 </span></td><td style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:4pt;padding-left:14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-weight:400;line-height:130%">Certain columns may not add due to the use of rounded numbers.</span></div> 45616160 9447149 -32139930 -5896174 70981180 12767359 131572969 10704131 0 0 0 2719752 0 0 0 0 -3213268 -551694 649000 87250 0 0 213466111 29277772 <span style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-weight:400;line-height:130%;padding-left:8.85pt">As permitted by SEC rules, the peer group referenced for purposes of “Peer group total shareholder return” is that of the S&amp;P 500 Industrials Index, which is the industry index reported in our Annual Report on Form 10‑K for 2025 in accordance with Regulation S‑K Item 201(e). For GE Aerospace and our peer group, the TSR for each year reflects what the cumulative value of $100 would be, including reinvestment of dividends, if such amount were invested on December 31, 2020.</span> Free cash flow <div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">The chart below depicts compensation actually paid and the cumulative TSR of GE Aerospace and the S&amp;P 500 Industrials Index for the five years shown. A significant portion of our executive compensation program comprises equity awards, and compensation actually paid for such years was most strongly affected by our stock price performance, as reflected in the equity award valuations required by SEC rules. For 2025, our stock price increased 85% year over year, compared to 18% for our peer group (the S&amp;P 500 Industrials Index), resulting in our TSR increasing by close to 2x for 2025 and our five‑year total TSR ending significantly higher than that of our peer group. This performance resulted in a substantial increase in our PSU award valuations included in the calculation of compensation actually paid for 2025, including the value of unvested and outstanding equity awards granted in 2025 and the change in value of prior year equity awards that vested in 2025. Conversely, our TSR performance being below that of the peer group for 2021 and 2022 adversely affected our named executives’ equity award compensation, resulting in a downward adjustment to the value of the 2021 PSU awards, for which three‑year TSR performance is a modifier.</span></div><div style="margin-bottom:4pt;text-align:center"><img alt="4398046530459" id="i-187" src="ge-20260312_g110.jpg" style="height:285px;margin-bottom:5pt;vertical-align:text-bottom;width:604px"/></div><div style="margin-bottom:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:82.272%"><tr><td style="width:1.0%"></td><td style="width:2.399%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.765%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.977%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:2.399%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.971%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.977%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.872%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.607%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.977%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.872%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.084%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><img alt="02 PROXXXXX_CompActuallyPaid_CAPtoPEO.jpg" id="i-188" src="ge-20260312_g111.jpg" style="height:11px;margin-bottom:5pt;vertical-align:text-bottom;width:11px"/><span style="color:#000000;font-family:'GE Inspira Sans',sans-serif;font-size:1pt;font-weight:400;line-height:130%"> </span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#0c2340;font-family:'GE Inspira Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">CAP to PEO</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><img alt="02 PROXXXXX_CompActuallyPaid_AveCAPtoNonPEO.jpg" id="i-189" src="ge-20260312_g112.jpg" style="height:11px;margin-bottom:5pt;vertical-align:text-bottom;width:11px"/><span style="color:#000000;font-family:'GE Inspira Sans',sans-serif;font-size:1pt;font-weight:400;line-height:130%"> </span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#005db9;font-family:'GE Inspira Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Average CAP to Non-PEO NEOs</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><img alt="02 PROXXXXX_CompActuallyPaid_TSR.jpg" id="i-190" src="ge-20260312_g113.jpg" style="height:7px;margin-bottom:5pt;vertical-align:text-bottom;width:19px"/><span style="color:#000000;font-family:'GE Inspira Sans',sans-serif;font-size:1pt;font-weight:400;line-height:130%"> </span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'GE Inspira Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Company TSR</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div><img alt="02 PROXXXXX_CompActuallyPaid_PeerGrpTSR.jpg" id="i-191" src="ge-20260312_g114.jpg" style="height:7px;margin-bottom:5pt;vertical-align:text-bottom;width:19px"/><span style="color:#000000;font-family:'GE Inspira Sans',sans-serif;font-size:1pt;font-weight:400;line-height:130%"> </span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#80addd;font-family:'GE Inspira Sans',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Peer Group TSR</span></td></tr></table></div> <div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Net income is not a financial performance measure that we use in the compensation program design for our named executives. Accordingly, there is not a direct relationship between the compensation actually paid to our named executives and net income. In addition, a meaningful portion of incentive compensation for our named executives who are leaders of a business is tied to the financial performance of that business, rather than enterprise‑wide performance measures such as net income.</span></div> <div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">A significant portion of our compensation program is linked to our free cash flow performance for the total company and the applicable business, as described in the </span><span style="color:#005db9;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Compensation Discussion &amp; Analysis</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> section of this proxy statement. While our free cash flow performance improved sequentially in each of the five years shown, there is not a direct relationship with compensation actually paid because compensation actually paid more strongly reflects the required adjustments for equity award valuations under SEC rules.</span></div> <div style="display:inline-block;vertical-align:top;width:48.183%"><div style="margin-bottom:4pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Most Important Financial Performance Measures</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #005db9;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Free Cash Flow*</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Adjusted Revenue Growth*</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #808080;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Operating Profit*</span></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #808080;border-top:0.5pt solid #808080;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Adjusted Earnings Per Share*</span></td></tr></table></div><div style="padding-left:14.4pt;text-indent:-14.4pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:7pt;font-weight:400;line-height:130%">*    Non‑GAAP Financial Measure</span></div></div> Free Cash Flow* Adjusted Revenue Growth* Operating Profit* Adjusted Earnings Per Share*