Form 4: Baker Hughes Director John G. Rice Acquires Shares Through Deferred Stock Units

Director John G. Rice acquired shares of Baker Hughes Co. through the vesting and settlement of deferred and restricted stock units.

Summary

• John G. Rice, a director at Baker Hughes Co., acquired 3,303 shares of Class A Common Stock through the settlement of deferred stock units on December 16, 2024.
• He also acquired 6,377 shares of Class A Common Stock through the settlement of restricted stock units on the same date.
• These stock units vested immediately upon grant but were deferred until December 15, 2024, as part of the company's Director Deferral Plan.
• Following these transactions, Mr. Rice directly owns 67,315 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to positively by investors. The acquisition of shares by a director can be seen as a positive sign of confidence in the company.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.

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 packages often include stock-based awards such as restricted stock units and deferred stock units.
• The vesting and settlement of these units are standard practices in corporate governance.
• The timing of the settlement is in line with typical deferral plans.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it indicates director confidence in the company.

Key Dates

Keywords

Baker Hughes, Director, John G. Rice, Stock Acquisition, Deferred Stock Units, Restricted Stock Units, Share Ownership, Director Deferral Plan