Form 4: Baker Hughes Co: Officer Magno Reports Stock Transactions
SEC Form 4 Filing
Maria Georgia Magno, Chief Legal Officer of Baker Hughes Co, reports the vesting and subsequent disposal of restricted stock units.
Summary
- On February 3, 2025, Maria Georgia Magno, Chief Legal Officer of Baker Hughes Co, reported transactions involving Class A Common Stock.
- Magno acquired 6,985 shares of Class A Common Stock through the vesting of restricted stock units.
- Simultaneously, Magno disposed of 1,701 shares to cover tax obligations at a price of $47.4 per share.
- Following these transactions, Magno directly owns 17,275.296 shares of Class A Common Stock and 13,972 restricted stock units.
- The reported transactions were signed off by Fernando Contreras, Attorney-in-fact, on February 5, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an officer. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small portion of the overall outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/01/2024 | Grant date of restricted stock units, vesting annually over three years. |
| 02/03/2025 | Date of transaction: vesting of restricted stock units and disposal of shares for tax obligations. |
| 02/05/2025 | Date of signature by Attorney-in-fact, Fernando Contreras. |
Keywords
Form 4, Baker Hughes Co, BKR, Maria Georgia Magno, Restricted Stock Units, Class A Common Stock, Insider Trading, Beneficial Ownership, Vesting, Tax Obligations
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