Form 4: Baker Hughes Director John G. Rice Files Form 4
Statement of Changes in Beneficial Ownership
Baker Hughes Director John G. Rice reported a transaction involving deferred stock units on May 19, 2026.
Summary
- John G. Rice, a Director at Baker Hughes Co., filed a Form 4 statement detailing a transaction on May 19, 2026.
- The transaction involved 2,749 Deferred Stock Units, which represent a right to receive one share of Class A Common Stock.
- These units vested immediately on the grant date and are set to settle within 30 days after retirement.
- The filing also includes a Power of Attorney document dated August 26, 2025, appointing attorneys-in-fact to handle SEC filings on behalf of John G. Rice.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports on routine insider transactions and administrative arrangements rather than significant financial performance or strategic shifts.
Positives
- Director John G. Rice has vested deferred stock units, indicating potential future equity ownership.
- The Power of Attorney ensures compliance with SEC filing requirements for Mr. Rice.
Risks
- The settlement of deferred stock units is contingent upon retirement, which is a future event.
- The Power of Attorney indicates that Mr. Rice is delegating the responsibility of filing, which could introduce administrative risks if not managed properly.
Future Outlook
The deferred stock units are expected to settle within 30 days after retirement, at which point John G. Rice will receive Class A Common Stock.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard for directors and officers of publicly traded companies to report changes in their beneficial ownership of securities, ensuring transparency in insider trading activities.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | John G. Rice granted power of attorney to specific individuals to execute and file required SEC reports (Forms 3, 4, 5, etc.) on his behalf. | 08/26/2025 | Ensures timely and compliant reporting of insider transactions, but delegates direct responsibility for filing. |
Stakeholder Impact
- Shareholders: Increased transparency regarding director's equity holdings and potential future ownership.
- Management: Ensures compliance with regulatory requirements for reporting beneficial ownership changes.
Next Steps
- Settlement of 2,749 Deferred Stock Units within 30 days after John G. Rice's retirement.
- Continued electronic filings with the SEC by appointed attorneys-in-fact on behalf of John G. Rice.
Key Dates
| Date | Description |
|---|---|
| 08/26/2025 | Effective date of the Power of Attorney. |
| 05/19/2026 | Transaction date for Deferred Stock Units. |
Keywords
Form 4, Baker Hughes, BKR, John G. Rice, Director, Deferred Stock Units, SEC Filing, Beneficial Ownership, Power of Attorney
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