Form 4: Baker Hughes CFO Moghal Reports RSU Vesting, Tax Sales

Baker Hughes' Chief Financial Officer, Ahmed Farhan Moghal, reported the vesting of restricted stock units and subsequent tax-related dispositions of Class A Common Stock.

Summary

• Ahmed Farhan Moghal, EVP, Chief Financial Officer of Baker Hughes Co (BKR), reported transactions involving Class A Common Stock.
• On January 30, 2026, 3,156 shares of Class A Common Stock were acquired through the vesting of restricted stock units (first installment of the 01_25 grant).
• Concurrently on January 30, 2026, 769 shares were disposed of at $56.04 per share to cover tax liabilities.
• On February 2, 2026, 4,375 shares of Class A Common Stock were acquired through the vesting of restricted stock units (second installment of the 02_24 grant).
• Concurrently on February 2, 2026, 1,066 shares were disposed of at $56.45 per share to cover tax liabilities.
• Following these transactions, Moghal directly beneficially owns 24,841 shares and indirectly owns 18,102 shares through a spouse.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal. While there are dispositions, they are non-discretionary tax-related sales following RSU vesting, indicating continued executive equity ownership and alignment rather than a lack of confidence.

Positives

• The acquisition of shares through RSU vesting indicates the executive's continued equity participation and alignment with shareholder interests.
• The transactions are routine vesting and tax-related sales, not discretionary open-market sales, which typically signals confidence in the company's future.

Negatives

• The disposition of shares, while for tax purposes, reduces the executive's direct beneficial ownership slightly from the gross vested amount.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that routine insider transactions, such as those related to RSU vesting and tax withholding, are common in the energy services sector. These transactions typically do not signal a change in management's outlook but rather reflect standard compensation practices.

Comparison to Industry Standards

• These transactions are consistent with typical executive compensation structures in the oil and gas services industry, where restricted stock units are a common component.
• Companies like Schlumberger (SLB) and Halliburton (HAL) also frequently utilize RSU grants for executive incentives, leading to similar periodic vesting and tax-related sales by their executives.

Related Party Transactions

• The reported transactions involve an executive (Ahmed Farhan Moghal) of Baker Hughes Co, making them related party transactions under SEC rules.

Stakeholder Impact

• Shareholders: The transactions demonstrate the CFO's continued equity stake, aligning his interests with shareholders, though the tax-related sales slightly dilute direct ownership.
• Employees: No direct impact on general employees is indicated by this filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.

Next Steps

• Future annual installments of the Restricted Stock Units 01_25 grant will vest on subsequent anniversaries of January 30, 2025.
• The third and final installment of the Restricted Stock Unit 02_24 grant will vest on the next anniversary of February 1, 2024.

Key Dates

Recommendation

The filing details routine, non-discretionary insider transactions related to executive compensation. These events do not provide new fundamental information about Baker Hughes' operational performance or strategic direction that would warrant a change in investment recommendation. The CFO's continued equity ownership through RSU vesting is a neutral to slightly positive signal, reinforcing a 'hold' stance for investors awaiting more substantive corporate updates.

Keywords

Baker Hughes, BKR, Ahmed Farhan Moghal, CFO, Insider Trading, Form 4, Restricted Stock Units, RSU Vesting, Stock Disposition, Equity Compensation, Executive Compensation