Form 4: Baker Hughes Director Acquires Shares Through Deferred Stock Units

Baker Hughes director William G. Beattie acquired 4,910 deferred stock units, which convert to Class A common stock, as part of his 2024 retainer fees.

Summary

• Director William G. Beattie acquired 4,910 deferred stock units of Baker Hughes Co on December 16, 2024.
• These deferred stock units represent the right to receive one share of Class A common stock each.
• The units vested immediately upon grant but the shares will be delivered when Mr. Beattie ceases to be a director.
• The acquisition was part of Mr. Beattie's 2024 retainer fees, which he elected to receive in stock under the company's Director Deferral Plan.
• Mr. Beattie also indirectly owns 17,704 shares of Class A common stock through Cannonbury Investments Limited, which includes 256 shares acquired through a dividend reinvestment plan.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There are no indications of negative sentiment.

Positives

• The acquisition of stock units by a director demonstrates confidence in the company's future.
• The use of a Director Deferral Plan aligns the director's interests with those of long-term shareholders.

Future Outlook

The shares from the deferred stock units will be delivered to the director when he ceases to serve as a director.

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Director compensation through stock and deferred stock units is a common practice among publicly traded companies, including those in the oil and gas sector like Schlumberger (SLB) and Halliburton (HAL).
• These companies often use similar deferral plans to align director interests with long-term shareholder value.
• The amount of stock granted is typical for director compensation packages, though specific values vary based on company size and performance.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with long-term value creation.

Key Dates

Keywords

Baker Hughes, Director, Stock Units, Deferred Stock, Class A Common Stock, Retainer Fees, Director Deferral Plan, Beneficial Ownership