Form 4: Baker Hughes CEO Simonelli Exercises Stock Options, Disposes of Shares
SEC Form 4 Filing
Baker Hughes CEO Lorenzo Simonelli exercised stock options and disposed of shares to cover tax obligations, according to a recent SEC filing.
Summary
- On February 3, 2025, Lorenzo Simonelli, Chairman, President, and CEO of Baker Hughes Co, exercised restricted stock units, converting them into 55,885 shares of Class A Common Stock.
- Simultaneously, Simonelli disposed of 21,991 shares of Class A Common Stock at a price of $47.4 to satisfy tax obligations related to the vesting of the restricted stock units.
- Following these transactions, Simonelli directly owns 601,864 shares of Baker Hughes Class A Common Stock and 111,771 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, indicating a neutral sentiment.
Future Outlook
There is no future outlook information provided in this document.
Industry Context
This filing reflects routine transactions by a company executive related to stock-based compensation. It's common for executives to exercise options and sell shares to cover taxes.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the CEO's personal stock holdings and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/01/2024 | Grant date of restricted stock units, vesting annually over three years. |
| 02/03/2025 | Date of transaction: Exercise of restricted stock units and disposal of shares. |
| 02/05/2025 | Date of signature on the SEC filing. |
Keywords
Baker Hughes, Simonelli, SEC Form 4, Stock Options, Class A Common Stock, Restricted Stock Units, Beneficial Ownership, Insider Trading
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