Simonelli Lorenzo 4

What Happened

• Lorenzo Simonelli, Baker Hughes (BKR) Chairman, President & CEO, had 50,857 restricted stock units (RSUs) convert into shares on 2026-01-26. To cover tax withholding, 17,401 of those shares were surrendered at $56.29 each, generating $979,502. Net shares issued to him after withholding were 33,456 shares.
• This was not an open-market purchase or sale for cash but a routine vesting/conversion of RSUs with a tax-withholding disposition of a portion of the shares.

Key Details

• Transaction date: 2026-01-26; Form 4 filed 2026-01-28 (timely).
• Conversion/Exercise code: M (exercise or conversion of derivative — here RSUs converting to shares).
• Tax-withholding disposition code: F — 17,401 shares disposed at $56.29 for $979,502 to satisfy tax obligations.
• Shares converted: 50,857 RSUs converted to common shares; net shares issued after withholding: 33,456 (50,857 − 17,401).
• Footnotes: F1 — each restricted stock unit converts to one share; F2 — these shares represent the final (third) annual installment vesting from a Jan 24, 2023 grant.
• No indication of a 10b5-1 plan or gift; this appears to be routine vesting and tax withholding, not an open-market sale for diversification.

Context

• This is a standard RSU vesting event, not an active market sale for investment reasons. The tax withholding (shares surrendered) is a common way insiders satisfy tax liabilities when awards vest. The filing shows conversion of derivative awards rather than an option exercise with a cash exercise price (exercise price is N/A for RSUs).