Board Justification

Our compensation philosophy provides a foundation for how we design our executive compensation program. OBJECTIVES HOW OUR COMPENSATION PROGRAM SUPPORTS THIS PHILOSOPHY •Build and retain a world-class global team • Our compensation programs are designed to attract, motivate and retain global talent. • We take a market-based approach to target compensation competitive with our peer group while remaining flexible to manage through changing market dynamics. •Drive performance through innovation and collaboration to win as one team • We align incentives with key drivers of business performance over short and long-term horizons. • We balance accountability with collaboration to support shared priorities and deliver for our customers. •Operate as accountable owners • We ensure compensation design is tied to creating shareholder value. • We embrace the responsibility that comes with ownership while delivering for our customers. •Encourage innovation and calculated risk-taking to deliver shareholder value • We use a balanced portfolio of metrics in incentive programs with targets that are both stretch and achievable.

Board Justification

Annual cash incentive opportunities are provided to our named executives under the GE Aerospace Annual Executive Incentive Plan (AEIP). The financial performance metrics and targets for awards under the AEIP are designed to drive company and business performance, based on our operational and financial priorities.

Board Justification

This consists of the Change in Pension Value & Deferred Comp. and All Other Comp. values as shown in the Summary Compensation Table.

Board Justification

Leadership Performance Shares granted in August 2020; the terms of that grant provided for the treatment in a spin-off, so no further adjustments were made. The award achieved maximum performance.