Form 4: Baker Hughes Executive Receives 33,632 Restricted Stock Units

Sreeganesh Ramaswamy, an EVP at Baker Hughes, was granted 33,632 restricted stock units that vest over three years.

Summary

• Sreeganesh Ramaswamy, an Executive Vice President at Baker Hughes, received 33,632 restricted stock units.
• These restricted stock units represent the right to receive one share of Class A Common Stock of Baker Hughes for each unit.
• The units 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 routine executive compensation event, which is generally viewed neutrally to slightly positive as it aligns executive interests with shareholders.

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.

Future Outlook

The restricted stock units will vest over the next three years, aligning the executive's compensation with the company's long-term performance.

Industry Context

Stock-based compensation is a common practice in the energy and industrial technology sectors to incentivize executives and align their interests with shareholders.

Comparison to Industry Standards

• Many companies in the oilfield services and industrial technology sectors, such as Schlumberger (SLB) and Halliburton (HAL), use restricted stock units as part of their executive compensation packages.
• The vesting schedule of three years is fairly standard for these types of grants, encouraging long-term commitment from executives.
• The number of units granted is likely based on the executive's role, performance, and the company's overall compensation strategy, which is typical in the industry.

Stakeholder Impact

• Shareholders may view this as a positive as it aligns executive compensation with company performance.
• Employees may see this as a standard practice for executive compensation.

Key Dates

Keywords

restricted stock units, stock grant, executive compensation, Baker Hughes, BKR, Sreeganesh Ramaswamy, equity