Baker Hughes Co·4

Feb 3, 9:10 PM ET

BORRAS MARIA C 4

Research Summary

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Updated

Baker Hughes (BKR) Chief Growth Officer Exercises RSUs, Sells Shares for Taxes

What Happened

  • Maria C. Borras, Chief Growth & Experience Officer at Baker Hughes (BKR), had restricted stock units (RSUs) convert to 28,674 shares in two installments (Jan 30, 2026 and Feb 2, 2026). To cover tax withholding, 4,412 shares were surrendered on Jan 30 and 6,873 on Feb 2, producing proceeds of $247,248 and $387,981 respectively (total $635,229). Net shares retained after withholding: 17,389.
  • Transaction codes: M = exercise/conversion of derivative (RSU conversion to shares); F = payment of exercise price/tax liability (shares withheld/sold to cover taxes). These are routine tax-withholding dispositions rather than open-market sales.

Key Details

  • Transaction dates and prices:
    • 2026-01-30: 11,210 RSUs converted; 4,412 shares withheld at $56.04 for $247,248.
    • 2026-02-02: 17,464 RSUs converted; 6,873 shares withheld at $56.45 for $387,981.
  • Total converted: 28,674 RSUs; total shares withheld/surrendered: 11,285; total proceeds from withheld shares: $635,229.
  • Net shares retained by insider after withholding: 17,389.
  • Shares owned after transaction: not provided in the reported Form 4.
  • Footnotes:
    • F1: Each RSU equals a right to receive one share of Class A common stock.
    • F2: The Jan 30 conversion represents the first of three equal annual installments from a Jan 30, 2025 grant.
    • F3: The Feb 2 conversion represents the second of three equal annual installments from a Feb 1, 2024 grant.
  • Filing: Form 4 filed Feb 3, 2026 (timely with respect to the reported dates).

Context

  • This was an RSU conversion with "sell-to-cover" tax withholding — a routine way to pay tax liabilities when awards vest. Such withholding is not the same as an open-market sale signaling a change in conviction.
  • The filing shows no additional open-market purchases or discretionary sales by the insider in these transactions.