General Electric Company (NYSE: GE) ranked 31 on the Fortune 500 list for 2017. General Electric had a market capitalization of $135 billion (as of May 21, 2018), and is one of America’s most familiar brands. The company produces products ranging from toasters and clock radios to the GEnx jet engine for the Boeing 787.

In November 2017, GE announced a broad restructuring and halved their quarterly dividend for 24 to 12 cents a share. It's the first big move from new CEO John Flannery, who took over in September of this year. GE also announced thousands of layoffs across all divisions of the country. After that announcement, the company's stock fell 3.5%. 

Just two months later, the company took a $6.2 billion charge after reviewing a legacy insurance portfolio. This blow from a business long left behind added to the woes of the stock. Flannery trying to turnaround the company's fortunes and one such move in that direction is offloading GE's non-core businesses. On May 21, 2018 Wabtech Corporation (WAB) and GE Transportation announced a merger in a $11.1 billion deal.

Here are GE's top individual shareholders as per its last proxy statement filed with the SEC. 

1. Jeffrey R. Immelt

Jeffrey R. Immelt was the chairman of the board and former CEO of General Electric. He joined GE in 1982 to work in corporate marketing. Under Immelt’s leadership, the company pushed back against Connecticut Governor Dannel P. Malloy and the state legislature in response to a proposal to increase business taxes. As of December 31, 2017 Immelt held 2.6 million shares of GE with an option to acquire another 1.1 million. Immelt retired from GE on August 1, 2017.

2. John Flannery

John Flannery became the CEO of the company as Immelt stepped down. He has been with the company for over 25 years and previously served as Senior Vice President of GE and the President and CEO of GE Healthcare. As of December 2017, Flannery owned a little over 683,000 shares and 2.09 million in stock options.

3. John G. Rice

John G. Rice is vice chairman of General Electric, leading the company’s global operations based in Hong Kong. He began his career at GE in 1978. Since that time, Rice worked in Singapore and Canada, before moving to Hong Kong. As of last SEC filing, Rice held 601,503 shares of GE and 5.69 million in stock options. 

 4. David L. Joyce

David L. Joyce is a vice chair and CEO of GE Aviation, a role he has had since June, 2008. Joyce is another GE veteran, he started his career in GE in 1980 when he joined as a product engineer. As of last SEC filing, he held over 537,287 shares of GE and 3.58 million in stock options, which makes him the fourth-largest individual shareholder.

Want to learn how to invest?

Get a free 10 week email series that will teach you how to start investing.

Delivered twice a week, straight to your inbox.