Form 4: Baker Hughes EVP Nancy Buese Reports Stock Transactions
SEC Form 4 Filing
EVP and Chief Financial Officer of Baker Hughes, Nancy Buese, reports the vesting and subsequent disposal of restricted stock units.
Summary
- Nancy Buese, EVP & Chief Financial Officer of Baker Hughes Co, reported transactions involving Class A Common Stock on November 4, 2024.
- 60,408 restricted stock units vested and were converted into Class A Common Stock.
- 26,429 shares were disposed of at a price of $38.17.
- Following these transactions, Buese directly owns 33,979 shares and indirectly owns 36,817 shares through a trust.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by an executive, with no inherent positive or negative implications for the company's overall performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities. This filing indicates transactions by a top executive at Baker Hughes.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 11/02/2022 | Reporting person was granted 181,225 restricted stock units vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| 11/04/2024 | Date of transaction: vesting of restricted stock units and disposal of shares. |
| 11/05/2024 | Date of signature on the Form 4 filing. |
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