Form 4: Baker Hughes EVP Nancy Buese Sells Shares Under 10b5-1 Plan

Nancy Buese, EVP & Chief Financial Officer of Baker Hughes Co, sold shares of Class A Common Stock on October 24, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Nancy Buese, the EVP & Chief Financial Officer of Baker Hughes Co, reported the sale of Class A Common Stock on October 24, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on April 26, 2024.
• A total of 10,000 shares were sold in three separate transactions at prices around $37.10.
• Following the reported transactions, Buese still beneficially owns 41,817 shares of Class A Common Stock indirectly through a trust.
• A Power of Attorney was granted to Georgia Magno and Fernando Contreras to handle SEC filings on Buese's behalf.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document primarily reports insider trading activity under a pre-arranged plan, which doesn't inherently indicate positive or negative sentiment.

Positives

• The sales were conducted under a pre-arranged 10b5-1 trading plan, which is generally viewed as a transparent and compliant way for insiders to sell shares.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 plan suggests a planned and orderly approach to selling shares, rather than a reaction to current market conditions or company performance.

Stakeholder Impact

• The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates