Form 4: Baker Hughes Executive Borras Maria C. Reports Stock Transactions
SEC Form 4 Filing
Maria C. Borras, a Chief Growth & Experience Officer at Baker Hughes Co, reported the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On February 3, 2025, Maria C. Borras, Chief Growth & Experience Officer of Baker Hughes Co, reported transactions involving Class A Common Stock.
- 17,464 restricted stock units vested and were converted into Class A Common Stock.
- 6,873 shares were disposed of at a price of $47.4 to satisfy tax obligations.
- Following these transactions, Borras directly owns 116,643 shares of Class A Common Stock and 34,928 restricted stock units.
- The restricted stock units vest in three equal annual installments starting February 1, 2025.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports routine stock transactions related to executive compensation.
Future Outlook
The remaining restricted stock units will continue to vest in equal annual installments on the anniversary of the grant date.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is important for investors to gauge management's confidence in the company's prospects.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/01/2024 | Grant date of the restricted stock units, vesting annually in three equal installments. |
| 02/03/2025 | Date of the reported transactions: vesting of restricted stock units and sale of shares. |
| 02/05/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Baker Hughes, Stock Options, Restricted Stock Units, Insider Trading, BKR, Maria C. Borras, Executive Compensation
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