Form 4: Baker Hughes CFO Vests, Sells Shares Under 10b5-1 Plan

Baker Hughes' EVP and CFO, Ahmed Farhan Moghal, reported the vesting of restricted stock units and a subsequent sale of shares to cover tax obligations, executed under a Rule 10b5-1 plan.

Summary

• Ahmed Farhan Moghal, Executive Vice President and Chief Financial Officer of Baker Hughes Co (BKR), reported transactions on January 26, 2026.
• These transactions were made pursuant to a Rule 10b5-1(c) plan, indicating a pre-scheduled event.
• Moghal acquired 3,843 shares of Class A Common Stock upon the vesting of Restricted Stock Units (RSUs).
• He subsequently disposed of 1,052 shares of Class A Common Stock at a price of $56.29 per share, typically to cover tax withholding obligations related to the RSU vesting.
• The vested RSUs represent the last of three equal annual installments from a grant dated January 24, 2023.
• Following these transactions, Moghal directly beneficially owns 19,145 shares of Class A Common Stock and indirectly owns 18,102 shares through his spouse.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The vesting of RSUs is a positive for the executive and indicates retention. The subsequent sale is a routine tax-related event and not indicative of negative sentiment towards the company's future prospects, especially given the 10b5-1 plan.

Positives

• The vesting of 3,843 Restricted Stock Units indicates continued compensation and retention of a key executive.
• The transaction was executed under a Rule 10b5-1(c) plan, suggesting a pre-scheduled event rather than a discretionary sale based on new material non-public information.

Negatives

• A disposition of 1,052 shares, even if for tax purposes, reduces the direct beneficial ownership of the executive.

Future Outlook

NA

Industry Context

This is a routine insider transaction for an executive at a major energy technology company. Such transactions are common for executives receiving equity compensation as part of their remuneration package.

Related Party Transactions

• The reported transactions involve an executive (Ahmed Farhan Moghal) and the company (Baker Hughes Co), which are inherently related party dealings. Specifically, the vesting of Restricted Stock Units and the subsequent sale of shares are part of the executive's compensation structure.

Stakeholder Impact

• Shareholders: Minor dilution from the issuance of shares upon RSU vesting, but this is a routine part of executive compensation. The sale of shares is small relative to total outstanding shares and is for tax purposes, so minimal impact on share price or sentiment.
• Employees: No direct impact beyond the executive involved.
• Management: The transaction reflects the ongoing compensation structure for the CFO.

Key Dates

Recommendation

This Form 4 filing details a routine, pre-scheduled insider transaction involving the vesting of restricted stock units and a subsequent sale of shares to cover tax obligations. Such transactions, especially those under a 10b5-1 plan, are not typically indicative of a change in the executive's outlook on the company's fundamentals or future performance. Therefore, it provides no new information that would warrant a change in investment recommendation for Baker Hughes Co. Investors should continue to hold based on broader company performance and industry trends.

Keywords

Baker Hughes, BKR, Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Executive Compensation, Ahmed Farhan Moghal, CFO, Share Sale, 10b5-1 Plan