Simonelli Lorenzo 4

What Happened

• Lorenzo Simonelli, Chairman, President and CEO of Baker Hughes (BKR), received 459,826 shares on March 8, 2026 as the settlement of performance share units (PSUs) awarded in 2023.
• To cover the tax liability on the award, 180,942 of those shares were disposed (withheld/sold) at $60.10 per share for proceeds of $10,874,614. Net shares delivered to Simonelli were 278,884 (459,826 awarded minus 180,942 withheld). This was an award settlement rather than an open‑market purchase or an investment sale.

Key Details

• Transaction date(s): March 8, 2026; Form 4 filed March 10, 2026.
• Award: 459,826 shares acquired at $0.00 (code A).
• Tax withholding/disposition: 180,942 shares disposed at $60.10 for $10,874,614 (code F).
• Net shares retained from the settlement: 278,884.
• Footnote: The shares represent PSUs granted in 2023 for the three‑year performance period ending December 31, 2025, as approved by the Human Capital and Compensation Committee on March 8, 2026.
• Shares owned after the transaction: not specified in the provided filing.
• No indication in the filing that this was a late report.

Context

• This was a routine equity award settlement (PSUs vesting) with shares withheld/sold to satisfy tax withholding — a common administrative step and not a market directional trade. The disposition code F denotes tax withholding rather than a voluntary sale for investment reasons.