Form 4: Baker Hughes Co: Officer Maria Georgia Magno Reports Share Award and Tax Withholding

Maria Georgia Magno, Chief Legal Officer of Baker Hughes Co, reports the acquisition of shares through performance share units and subsequent disposal for tax withholding.

Summary

• On March 10, 2025, Maria Georgia Magno, Chief Legal Officer of Baker Hughes Co, acquired 8,349 shares of Class A Common Stock at $0.00 per share related to performance share units (PSUs) granted in 2022.
• These PSUs were earned for the three-year performance period ending December 31, 2024, and were approved by the Human Capital and Compensation Committee of the Board of Directors on March 10, 2025.
• Also on March 10, 2025, Ms. Magno disposed of 3,286 shares of Class A Common Stock at $41.16 per share to cover tax obligations.
• Following these transactions, Ms. Magno directly owns 22,338.296 shares of Baker Hughes Co Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The vesting of PSUs suggests the company met certain performance targets. The tax withholding is a routine transaction.

Positives

• The vesting of performance share units indicates that performance goals were met over the three-year performance period.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment with company performance.

Comparison to Industry Standards

• Performance-based equity compensation is a common practice among publicly traded companies to align executive incentives with shareholder value.
• Tax withholding through share disposal is a standard procedure when equity awards vest.

Stakeholder Impact

• The vesting of PSUs aligns executive compensation with company performance, potentially benefiting shareholders.
• The tax withholding has no direct impact on stakeholders.

Key Dates