Form 4: Baker Hughes Director Mohsen Sohi Receives Deferred Stock Units

Baker Hughes director Mohsen Sohi received 3,971 deferred stock units as part of his 2024 retainer fees, which will be delivered no later than December 15, 2026.

Summary

• Director Mohsen Sohi of Baker Hughes Co. received 3,971 deferred stock units on December 16, 2024.
• These units represent the right to receive one share of Class A common stock each.
• The deferred stock units vested immediately upon grant.
• The delivery of these shares is deferred until the earlier of December 15, 2026, or when Mr. Sohi ceases to be a director.
• This transaction is part of Mr. Sohi's 2024 retainer fees, which he elected to receive in stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to slightly positive as it aligns director interests with shareholders.

Positives

• The grant of deferred stock units aligns director compensation with the long-term performance of the company.
• The immediate vesting of the units indicates a commitment to the director's ongoing service.

Future Outlook

The deferred stock units will be delivered to Mr. Sohi no later than December 15, 2026, or when he ceases to be a director.

Industry Context

This is a standard practice for compensating board members, aligning their interests with those of shareholders through equity-based compensation.

Comparison to Industry Standards

• Deferred stock units are a common form of compensation for directors in publicly traded companies, including those in the oil and gas services sector like Schlumberger and Halliburton.
• The vesting and deferral terms are typical, designed to retain directors and align their interests with long-term shareholder value.

Stakeholder Impact

• Shareholders may view this as a positive as it aligns director interests with the long-term performance of the company.
• The transaction has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Deferred Stock Units, Director Compensation, Baker Hughes, Stock Grant, Form 4, Mohsen Sohi, Retainer Fees