Form 4: Baker Hughes Executive Sells 5,000 Shares Under 10b5-1 Trading Plan

James E. Apostolides, SVP of Enterprise Operational Excellence at Baker Hughes Co, sold 5,000 shares of Class A Common Stock at $33.88 per share on April 5, 2024, under a pre-arranged trading plan.

Summary

• On April 5, 2024, James E. Apostolides, a Senior Vice President at Baker Hughes Co, sold 5,000 shares of Class A Common Stock.
• The sale was executed at a price of $33.88 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on November 22, 2023.
• Following the transaction, Apostolides directly owns 14,998 shares of Baker Hughes Co.
• The transaction was reported on April 9, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive stock sale under a pre-arranged trading plan, indicating a neutral sentiment.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 trading plan allows insiders to sell shares at predetermined times and prices, avoiding accusations of insider trading.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the small volume of shares sold.

Key Dates