Form 4: Baker Hughes Executive Apostolides Reports Stock Transactions

James E. Apostolides, SVP at Baker Hughes Co, reports acquisition and disposal of Class A Common Stock and exercise of stock options on February 12, 2025.

Summary

• On February 12, 2025, James E. Apostolides, a Senior Vice President at Baker Hughes Co, engaged in transactions involving the company's Class A Common Stock.
• Apostolides acquired 3,021 shares through the exercise of stock options at a price of $36.89.
• He also disposed of 7,681 shares at a price of $46.65.
• Following these transactions, Apostolides directly owns 19,596 shares of Class A Common Stock.
• The transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 12, 2024.
• The stock option exercised was granted on July 31, 2017, and vested in three equal installments.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common among executives of publicly traded companies. The use of a 10b5-1 trading plan suggests a pre-arranged strategy to avoid accusations of trading on inside information.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
• The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates