BKR.NASDAQBaker Hughes CO

Form 4: Baker Hughes SVP, Controller & CAO Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Rebecca L. Charlton, SVP, Controller & CAO of Baker Hughes Co, reports the vesting and subsequent withholding of shares to cover tax obligations related to restricted stock units.

Summary

  • On June 3, 2024, Rebecca L. Charlton, SVP, Controller & CAO of Baker Hughes Co, reported transactions involving Class A Common Stock.
  • 11,650 restricted stock units vested, converting into 11,650 shares of Class A Common Stock.
  • 2,837 shares were withheld by the company to satisfy tax obligations at a price of $32.15 per share.
  • Following these transactions, Charlton directly owns 8,813 shares of Class A Common Stock and 23,302 restricted stock units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a routine disclosure of stock transactions related to executive compensation.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

  • The transaction has a minor impact on shareholders as it involves the vesting and withholding of shares, which is a normal part of executive compensation.

Key Dates

DateDescription
06/01/2023Effective date of restricted stock unit grant, vesting in three equal annual installments beginning one year from this date.
06/03/2024Date of transaction: vesting of restricted stock units and withholding of shares for taxes.
06/05/2024Date of signature for the Form 4 filing.

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