Form 4: Baker Hughes Executive Awarded 13,452 Restricted Stock Units

James E. Apostolides, SVP at Baker Hughes, received 13,452 restricted stock units that vest over three years.

Summary

• James E. Apostolides, a Senior Vice President at Baker Hughes, was granted 13,452 restricted stock units.
• These units represent the right to receive one share of Class A Common Stock of Baker Hughes per unit.
• The restricted stock units will vest in three equal annual installments, starting one year from the grant date.
• The grant was made on January 30, 2025.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management with shareholder interests. There are no negative implications.

Positives

• The grant of restricted stock units aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term performance and retention of the executive.

Industry Context

Stock-based compensation is a common practice in the oil and gas industry to incentivize and retain key executives.

Comparison to Industry Standards

• Restricted stock unit grants are a standard form of executive compensation across various industries, including the oil and gas sector.
• Companies like Schlumberger and Halliburton also use similar equity-based compensation plans for their executives.
• The vesting schedule of three years is also a common practice to ensure long-term alignment of interests.

Stakeholder Impact

• The stock grant may have a minor dilutive effect on existing shareholders.
• The vesting schedule encourages the executive to remain with the company and contribute to its long-term success.

Key Dates

Keywords

restricted stock units, stock grant, executive compensation, Baker Hughes, equity, vesting