Form 4: Baker Hughes CFO Nancy Buese Sells 80,000 Shares Under 10b5-1 Plan

Nancy Buese, EVP & Chief Financial Officer of Baker Hughes Co, sold 80,000 shares of Class A Common Stock on February 21, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On February 21, 2025, Nancy Buese, the EVP & Chief Financial Officer of Baker Hughes Co, sold 80,000 shares of Class A Common Stock.
• The sale was executed under a Rule 10b5-1 trading plan adopted on November 21, 2024.
• The shares were sold at a weighted average price of $46.37, with individual prices ranging from $45.86 to $46.73.
• Following the transaction, Buese directly owns 0 shares and indirectly owns 6,299 shares through a trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan. It doesn't necessarily reflect a positive or negative outlook on the company.

Industry Context

Insider trading activity is always closely watched by investors as it can provide signals, though often noisy, about management's view of the company's prospects. Sales under 10b5-1 plans are generally less informative since they are pre-arranged.

Stakeholder Impact

• The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates