Form 4: Baker Hughes CEO Boosts Stake After RSU Vesting
Insider Transaction Report
Baker Hughes CEO Lorenzo Simonelli increased his direct beneficial ownership of Class A Common Stock following the vesting of restricted stock units and a subsequent sale for tax purposes.
Summary
- Lorenzo Simonelli, Chairman, President, and CEO of Baker Hughes Co. (BKR), reported transactions involving Class A Common Stock on January 26, 2026.
- Simonelli acquired 50,857 shares of Class A Common Stock through the exercise of restricted stock units (RSUs).
- These RSUs represent the last of three equal annual installments that vested from a grant made on January 24, 2023.
- Concurrently, Simonelli disposed of 17,401 shares of Class A Common Stock at a price of $56.29 per share, likely for tax withholding related to the RSU vesting.
- Following these transactions, Simonelli's direct beneficial ownership of Class A Common Stock increased by 33,456 shares, from an implied 667,593 shares to 701,049 shares.
Sentiment
Score: 6
Explanation: The filing reports a routine insider transaction involving the vesting of restricted stock units and a subsequent sale for tax purposes, resulting in a net increase in the CEO's beneficial ownership, which is generally viewed positively as it aligns management interests with shareholders.
Positives
- Lorenzo Simonelli, Chairman, President, and CEO, increased his direct beneficial ownership of Class A Common Stock by 33,456 shares, from 667,593 to 701,049 shares, demonstrating continued alignment with shareholder interests.
- The vesting of 50,857 restricted stock units signifies the successful fulfillment of long-term incentive compensation for the executive.
Negatives
- The disposition of 17,401 shares of Class A Common Stock at $56.29 per share, likely for tax withholding purposes, represents a reduction in direct holdings, though offset by the RSU vesting.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Authorization of Attorney-in-Fact | Lorenzo Simonelli granted a Power of Attorney on August 26, 2025, authorizing Georgia Magno, Fernando Contreras, and Mitchell Athey to prepare and file SEC reports (including Forms ID, 3, 4, 5, 144, and 8-K) on his behalf, ensuring compliance with Section 16(a) of the Securities Exchange Act of 1934. | 08/26/2025 | Enhances efficiency and ensures timely compliance with SEC reporting requirements for insider transactions. |
Stakeholder Impact
- Shareholders: The net increase in the CEO's direct beneficial ownership may be viewed positively as it indicates continued alignment of management's interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/24/2023 | Grant date for the restricted stock units. |
| 08/26/2025 | Effective date of the Power of Attorney granted by Lorenzo Simonelli. |
| 01/26/2026 | Date of reported transactions (acquisition of shares via RSU vesting and disposition of shares). |
| 01/28/2026 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
Baker Hughes, BKR, Lorenzo Simonelli, Insider Transaction, Form 4, Restricted Stock Units, CEO, Equity Compensation, Share Ownership
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