Simonelli Lorenzo 4

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.