General Electric

GE Spin-off Resources

Stay up to date with the latest resources for the planned spin-offs.


Spin-off Updates

On November 9, 2021, GE announced plans to form three public companies focused on the growth sectors of Aviation, Healthcare, and Energy.

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General Electric

GE Vernova, GE’s portfolio of energy businesses

GE plans to combine GE Renewable Energy, GE Power, and GE Digital into one business, GE Vernova, positioned to lead the energy transition, and then pursue a tax-free spin-off of this business in early 2024.

To learn more about GE Vernova, click here

General Electric

GE HealthCare

On January 3, 2023, GE completed the separation of GE HealthCare, creating a global leader in Precision Care.

To learn more about GE HealthCare, click here
To be added to future GE HealthCare communications, email
[email protected]

To download the GE HealthCare Form-10 Financial Supplement, click here

Frequently Asked Questions

Why is GE planning to separate into three independent companies? Why now?
Answer
This plan builds on significant momentum GE has built strengthening our financial position and operating performance, all while deepening our culture of continuous improvement and lean. This momentum puts us in a position of strength to take this exciting next step and we remain very enthusiastic about the opportunities these planned spin-offs will unlock for our franchises as they will help drive greater focus, accountability and alignment with our customers and the markets they serve.
What is the timing of the planned spin-offs?
Answer
GE executed the tax-free spin-off of GE HealthCare after market close on January 3, 2023, and its common stock began trading on January 4th. GE Vernova, GE’s portfolio of energy businesses, is expected to spin in early 2024. Following this second planned spin-off, GE would be an aviation-focused company called GE Aerospace.
Why did GE retain approximately a 19.9% stake in GE HealthCare?
Answer
GE retained approximately a 19.9% stake in GE HealthCare to provide further capital allocation flexibility.
Who is leading each of the three planned independent companies?
Answer
At the time of the GE HealthCare spin-off, Pete Arduini was President and CEO of GE HealthCare, and Larry Culp is non-executive chairman of GE HealthCare.

Scott Strazik is CEO, GE Vernova, GE’s energy portfolio of renewable energy, power, and digital businesses.

Larry Culp is also Chairman and CEO of GE, and CEO of GE Aerospace.
When will the Board of Directors be announced for each planned business?
Answer
GE announced the Board of Directors for GE HealthCare on September 12, 2022. You can find that announcement here: https://www.ge.com/news/press-releases/ge-announces-board-of-directors-for-future-independent-ge-healthcare-confirms-target
GE will share more information about its plans for the Boards of Directors for GE Vernova—GE’s portfolio of energy businesses—and GE Aerospace as the separation planning process is farther along.
Why are you retaining the GE name and Monogram with each planned future company?
Answer
Through thousands of conversations with customers, employees, and others, it became clear that the GE name and our 130-year-old Monogram represent a legacy of innovation, a symbol of trust for our global customers, and an invaluable source of pride for our teams. We expect each of the three planned businesses will continue our mission of building a world that works and provide our customers with an important reminder of the strengths they value in GE.
What will happen to my retirement benefits after the spin-offs?
Answer
As each business prepares to spin off from GE, we are allocating the company’s savings and retirement plans across each of the three planned businesses, subject to relevant approvals. As part of the allocation process, we will assign each participant’s benefit under GE’s savings and retirement plans amongst the three businesses and notify each individual of their allocation. You will keep the vested pension benefit that you’ve accrued.
What is the GE HealthCare spin-off?
Answer
The spin-off is the method by which GE HealthCare separated from GE. In this spin-off, GE distributed to its stockholders approximately 80.1% of the outstanding shares of GE HealthCare common stock. Holders of GE common stock received one share of GE HealthCare common stock for every three shares of GE common stock held as of the close of business on the record date, December 16, 2022. Following the spin-off, GE HealthCare became an independent, publicly traded company, and GE retained approximately 19.9% of the outstanding shares of GE HealthCare common stock.
What is the exchange and ticker symbol that GE HealthCare will trade under?
Answer
Shares of GE HealthCare are listed on The Nasdaq Stock Market LLC under the ticker symbol “GEHC.”
What did GE stockholders receive in the GE HealthCare spin-off?
Answer
Each holder of GE common stock received one share of GE HealthCare for every three shares of GE common stock held as of December 16, 2022, the record date for the distribution.
Did the number of shares of GE common stock I own change as a result of the spin-off of GE HealthCare?
Answer
No, the number of shares of GE common stock you own did not change as a result of the GE HealthCare spin-off. Unless you sold or otherwise disposed of your shares of GE common stock, your balance before and after the spin-off is the same.
What was the record date for the GE HealthCare spin-off?
Answer
The record date for the GE HealthCare spin-off was December 16, 2022.
As a holder of shares of GE common stock as of the record date for the GE HealthCare spin-off, how were shares of GE HealthCare distributed to me?
Answer

If you owned GE common stock as of the close of business on December 16, 2022, the record date for the distribution, the shares of GE HealthCare common stock that you received in the spin-off were issued to your account as follows:
i. Registered stockholders: If you owned your shares of GE common stock directly, either in book-entry form through an account at GE’s transfer agent (Equiniti Trust Company) and/or if you held paper stock certificates, you are a registered shareholder. In this case, the distribution agent credited the whole shares of common stock you received in the spin-off by way of direct registration in book-entry form to a new account with our transfer agent. Registration in book- entry form refers to a method of recording share ownership where no physical stock certificates are issued to stockholders, as will be the case in the spin-off. You will be able to access information regarding your book-entry account for shares of our common stock at Shareowneronline.com or by calling Equiniti Trust Company at 1-800-786-2543 (toll free) or 1-651-450-4064.
ii. “Street name” or beneficial stockholders: If you owned your shares of GE common stock beneficially through a bank, broker, or other nominee, the bank, broker, or other nominee holds the shares in “street name” and records your ownership on its books. In this case, your bank, broker, or other nominee credited your account with the whole shares of our common stock that you received in the spin-off. We encourage you to contact your bank, broker, or other nominee if you have any questions concerning the mechanics of having shares held in “street name.”
Answer
Shareholders did not receive fractional shares of GE HealthCare in the spin-off. Shareholders will instead receive cash in lieu of the fractional shares.
The distribution agent will aggregate all fractional shares into whole shares and sell the whole shares in the open market at prevailing market prices on behalf of who are entitled to receive a fractional share. The distribution agent will then distribute the aggregate cash proceeds of the sales, net of brokerage fees, transfer taxes and other costs, pro rata to these holders (net of any required withholding for taxes applicable to each holder).
Answer
The distribution ratio was selected so that GEHC will have an appropriate number of shares outstanding relative to companies of GEHC’s size and scope on the S&P 500 and in the healthcare industry.
What do I have to do to participate in the GE HealthCare spin-off?
Answer
You were not required to take any action in order to participate in the GE HealthCare spin-off.
If you held GE share certificates that have not been converted into book-entry form in connection with 2021’s reverse stock split, you were still entitled to receive shares of GE HealthCare common stock as a consequence of the intended spin-off, although you will not receive such shares until you exchange your GE share certificates. To exchange your physical GE share certificates for a statement of holdings in book-entry form, please contact GE’s transfer agent, Equiniti Trust Company, to begin the process. 
Equiniti Trust Company
Phone: 1-800-786-2543 (toll free) or 1-651-450-4064
Website: Shareowneronline.com
 
Regular Mail Delivery:
EQ Shareowner Services
P.O. Box 64854
St. Paul, MN 55164-0874
 
Overnight Mail Delivery:
EQ Shareowner Services
1110 Centre Pointe Curve, Suite 101
Mendota Heights, MN 55120-4100
What are the tax implications of the GE HealthCare spin-off for shareholders (U.S. and non-U.S.)?
Answer
We expect that the distribution of GE HealthCare common stock will be tax-free to holders of GE common stock for U.S. federal income tax purposes. Foreign, as well as U.S. stockholders, should contact their own tax advisor with respect to the U.S. federal, state and local, and foreign tax consequences of the distribution.
How is the cost basis of my GE shares affected by this distribution, and what is the cost basis of my GE HealthCare shares?
Answer
GE shareholders are required to allocate the aggregate tax basis in their GE common stock held immediately before the spin-off between their GE common stock held immediately after the spin-off and the GE HealthCare common stock received in the spin-off (including any fractional share of GE HealthCare common stock for which cash was received) in proportion to their relative fair market values on the date of the spin-off.  GE shareholders are urged to consult their tax advisors regarding the allocation of their aggregate adjusted tax basis among shares of GE and GE HealthCare common stock.

To view GE Form 8937, click here
To view GE Form 8937 attachment, click here
Where can I find more information about GE HealthCare?
Answer
For more information about GE HealthCare, please visit www.gehealthcare.com.
If you have any questions relating to the mechanics of the distribution of shares of GE HealthCare common stock in connection with the spin-off, you should contact the distribution agent at:
Equiniti Trust Company
Attn: Account Management Team
1110 Centre Pointe Curve, Suite 101
Mendota Heights, Minnesota 55120-4101
 
Questions relating to GE common stock should be directed to GE Shareowner Services using the contact information above, and questions related to GE HealthCare common stock should be directed to GE HealthCare at:
GE Healthcare Technologies Inc.
500 W. Monroe Street
Chicago, Illinois 60661
Attention: Investor Relations