Form 4: Baker Hughes Executive James E. Apostolides Reports Share Transactions
SEC Form 4 Filing
James E. Apostolides, SVP at Baker Hughes Co, reports acquisition of 10,740 shares and disposal of 5,193 shares of Class A Common Stock on March 11, 2024.
Summary
- On March 11, 2024, James E. Apostolides, a Senior Vice President at Baker Hughes Co, acquired 10,740 shares of Class A Common Stock.
- These shares were earned for performance share units (PSUs) granted in 2021 for the three-year performance period ending December 31, 2023.
- The acquisition was approved by the Human Capital and Compensation Committee of the Board of Directors on March 11, 2024.
- On the same day, Mr. Apostolides disposed of 5,193 shares of Class A Common Stock at a price of $31.3.
- Following these transactions, Mr. Apostolides beneficially owns 19,998 shares of Class A Common Stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation. The acquisition of shares is a positive sign, but the disposal is a neutral event.
Positives
- Acquisition of 10,740 shares indicates vesting of performance share units, suggesting achievement of performance goals.
Negatives
- Disposal of 5,193 shares could be interpreted as a lack of confidence, although it could also be for personal financial management.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 2021 | Grant date of performance share units (PSUs). |
| December 31, 2023 | End of the three-year performance period for the PSUs. |
| March 11, 2024 | Date of share acquisition and disposal, and approval by the Human Capital and Compensation Committee. |
| March 13, 2024 | Date of signature on the Form 4 filing. |
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