Simonelli Lorenzo 4
4 · Baker Hughes Co · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
Baker Hughes CEO Lorenzo Simonelli Exercises RSUs, Sells Shares
What Happened Lorenzo Simonelli, Chairman, President and CEO of Baker Hughes (BKR), had restricted stock units (RSUs) convert into shares and a portion of those shares were withheld/sold to cover tax obligations. On 2026-01-30, 38,116 RSUs converted to shares and 14,999 shares were withheld/disposed at $56.04 for proceeds of $840,544. On 2026-02-02, 55,885 RSUs converted to shares and 21,991 shares were withheld/disposed at $56.45 for proceeds of $1,241,392. Total proceeds from the withholding disposals were about $2,081,936. Net shares retained after withholding were 23,117 from the first vest and 33,894 from the second (total net +57,011 shares).
Key Details
- Transaction dates: 2026-01-30 and 2026-02-02 (filed 2026-02-03).
- Conversion (transaction code M): 38,116 and 55,885 RSUs converted to shares (no per-share price listed for conversion).
- Withholding/disposition (transaction code F): 14,999 shares at $56.04 = $840,544; 21,991 shares at $56.45 = $1,241,392.
- Total proceeds from withheld/sold shares: approx. $2,081,936.
- Shares owned after the transactions: not specified in the filing.
- Footnotes: F1 — each RSU equals one share of Class A common stock; F2/F3 — these represent vesting installments from prior grants (annual installments).
- No late-filing flag indicated in the information provided.
Context These entries reflect RSU vesting and routine tax-withholding (a common practice where a portion of vested shares are withheld or sold to satisfy tax liabilities). The filing shows conversion of awards into shares and withholding to cover taxes rather than an open-market sale for investment purposes.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-01-30+38,116→ 739,165 total - Tax Payment
Class A Common Stock
2026-01-30$56.04/sh−14,999$840,544→ 724,166 total - Exercise/Conversion
Class A Common Stock
[F1]2026-02-02+55,885→ 780,051 total - Tax Payment
Class A Common Stock
2026-02-02$56.45/sh−21,991$1,241,392→ 758,060 total - Exercise/Conversion
Restricted Stock Units 01_25
[F1][F2]2026-01-30−38,116→ 76,233 total→ Class A Common Stock (38,116 underlying) - Exercise/Conversion
Restricted Stock Unit 02_24
[F1][F3]2026-02-02−55,885→ 55,886 total→ Class A Common Stock (55,885 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a right to receive without payment one share of Class A Common Stock of the Issuer.
- [F2]Represents the first of three equal annual installments that vest annually beginning on the first anniversary of the January 30, 2025 grant date.
- [F3]Represents the second of three equal annual installments that vest annually beginning on the first anniversary of the February 1, 2024 grant date.