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

Nancy Buese, EVP & Chief Financial Officer of Baker Hughes Co, sold 5,000 shares of Class A Common Stock at an average price of $38.02 on October 31, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On October 31, 2024, Nancy Buese, the EVP & Chief Financial Officer of Baker Hughes Co, sold 5,000 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $38.02 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on April 26, 2024.
• Following the transaction, Buese directly owns 0 shares and indirectly owns 36,817 shares through a trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan and doesn't necessarily indicate a positive or negative outlook on the company.

Industry Context

Insider sales are a common occurrence, and the use of 10b5-1 plans allows insiders to sell shares without being accused of trading on non-public information. The market typically views sales under 10b5-1 plans as less significant than discretionary sales.

Stakeholder Impact

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

Key Dates