Form 4: Baker Hughes EVP Nancy Buese Reports Stock Transactions

EVP and Chief Financial Officer of Baker Hughes, Nancy Buese, reports the vesting and subsequent disposal of restricted stock units, along with adjustments to her holdings of Class A Common Stock.

Summary

• Nancy Buese, EVP & Chief Financial Officer of Baker Hughes Co, reported transactions involving Class A Common Stock.
• On February 3, 2025, 20,374 restricted stock units vested and were converted into Class A Common Stock.
• Also on February 3, 2025, 8,538 shares of Class A Common Stock were disposed of at a price of $47.4.
• Following these transactions, Buese directly owns 25,503 shares of Class A Common Stock and indirectly owns 60,796 shares through a trust.
• She also directly owns 40,750 derivative securities in the form of restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and stock transactions, with no inherent positive or negative implications for the company's performance.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with long-term shareholder value.
• The vesting schedule of these units is typical, with annual installments over a three-year period.
• Disposal of shares after vesting is a common practice to cover tax obligations or for personal financial planning.

Stakeholder Impact

• Shareholders are informed about insider transactions, promoting transparency.
• Employees may be interested in executive compensation trends.

Key Dates

Keywords

Form 4, Baker Hughes, BKR, Nancy Buese, Stock Transaction, Restricted Stock Units, Class A Common Stock, Beneficial Ownership, EVP, Chief Financial Officer