Form 4: Baker Hughes Director Mohsen Sohi Acquires 5,453 Restricted Stock Units
SEC Form 4 Filing
Director Mohsen Sohi acquired 5,453 restricted stock units of Baker Hughes Co on May 22, 2024, which vested immediately but will be deferred until December 15, 2026.
Summary
- On May 22, 2024, Mohsen Sohi, a director of Baker Hughes Co, acquired 5,453 restricted stock units.
- Each restricted stock unit represents the right to receive one share of Class A Common Stock of Baker Hughes Co.
- The restricted stock units vested immediately upon grant.
- Sohi elected to defer the delivery of the shares until December 15, 2026, under the Issuer's Director Deferral Plan, and received an equivalent number of deferred stock units.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard disclosure of stock unit acquisition by a director. The deferral plan suggests a long-term commitment.
Positives
- The acquisition of restricted stock units by a director can be seen as a positive sign, indicating confidence in the company's future performance.
Future Outlook
The reporting person has elected to defer delivery of the shares until December 15, 2026.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.
Stakeholder Impact
- The acquisition of restricted stock units by a director can positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of transaction: Mohsen Sohi acquired 5,453 restricted stock units. |
| 05/24/2024 | Date of Form 4 filing. |
| 12/15/2026 | Deferred delivery date of shares under the Director Deferral Plan. |
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