Baker Hughes EVP Amerino Gatti Exercises Options; 3,860 Shares Withheld

What Happened
Amerino Gatti, EVP of Oilfield Services & Equipment at Baker Hughes (BKR), exercised/converted 9,807 derivative units (reported as M-code transactions) on 2026-09-03. To satisfy tax withholding obligations, 3,860 of those shares were withheld/disposed at $63.64 per share for a tax payment of $245,650 (F-code). After the withholding, the net increase in Gatti’s holdings from this event was 5,947 shares (9,807 acquired minus 3,860 withheld). One M-coded disposition of 9,807 shares at $0 reflects the derivative-to-share conversion rather than a market sale.

Key Details

• Transaction date: 2026-09-03; Form 4 filed 2026-09-08 (filing appears timely given the Labor Day holiday on Sept 7).
• Actions:
  • Exercise/conversion of derivative (M): 9,807 shares acquired (one entry N/A, one entry $0.00 — conversion/settlement of derivative).
  • Tax withholding (F): 3,860 shares disposed at $63.64 each = $245,650 paid to cover taxes.
• Net shares retained from the vesting/conversion: 5,947 shares.
• Footnotes:
  • F1: Each restricted stock unit (RSU) represents the right to receive one share of Class A common stock.
  • F3: These shares represent the second of three equal annual installments from the Sept 3, 2024 grant that vest annually.
  • F2: 116.981 shares mentioned were purchased via the Baker Hughes ESPP (included in ownership reporting).
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context
This transaction reflects a routine RSU/derivative vesting and tax-withholding event rather than an open-market sale or purchase. The conversion of derivative units into shares and withholding of a portion to satisfy taxes is common for executive equity compensation; it does not necessarily signal a change in the insider’s view of the company.