Form 4: Baker Hughes Chief Legal Officer Reports Stock Transactions

Maria Georgia Magno, Chief Legal Officer at Baker Hughes, reported the acquisition and disposal of company stock and restricted stock units.

Summary

• Maria Georgia Magno, Chief Legal Officer of Baker Hughes, filed a Form 4 detailing her recent transactions in the company's Class A Common Stock.
• On January 24, 2025, she acquired 2,654 shares through the vesting of restricted stock units and disposed of 787 shares to cover tax obligations at a price of $45.55 per share.
• On January 27, 2025, she acquired 2,503 shares through the vesting of restricted stock units and disposed of 619 shares to cover tax obligations at a price of $43.55 per share.
• Following these transactions, Ms. Magno directly owns 11,991.296 shares of Baker Hughes Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment. It is a neutral report of stock transactions.

Industry Context

This is a routine filing for a company officer and is typical for executives who receive stock-based compensation.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, and this filing is consistent with those requirements.
• The transactions reported are typical for executives who receive stock options or restricted stock units as part of their compensation packages.
• The sale of shares to cover tax obligations is a common practice among executives when stock options or restricted stock units vest.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are routine and do not indicate a change in the company's fundamentals.

Key Dates

Keywords

Baker Hughes, BKR, Form 4, insider trading, stock transaction, restricted stock units, Maria Georgia Magno, Chief Legal Officer