Baker Hughes Co·4

Feb 3, 9:13 PM ET

Apostolides James E 4

Research Summary

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Baker Hughes (BKR) James E. Apostolides Exercises RSUs, Sells Shares for Taxes

What Happened
James E. Apostolides, Baker Hughes' Chief Infrastructure & Performance Officer, had restricted stock units (RSUs) convert to shares in two vesting events: 4,484 shares on 2026-01-30 and 5,821 shares on 2026-02-02 (total 10,305 shares acquired). To cover tax obligations, the company withheld and disposed of 1,317 shares on 2026-01-30 (at $56.04, $73,805) and 1,709 shares on 2026-02-02 (at $56.45, $96,473), for a combined tax withholding value of $170,278. The filings also show the RSU derivative positions terminated (converted) on those dates.

Key Details

  • Transaction dates: 2026-01-30 (4,484 RSUs → shares; 1,317 shares withheld at $56.04, $73,805) and 2026-02-02 (5,821 RSUs → shares; 1,709 shares withheld at $56.45, $96,473).
  • Total RSUs converted: 10,305; total shares withheld for taxes: 3,026 (total value reported $170,278).
  • Shares owned after the transaction: not specified in the provided excerpt.
  • Footnotes: F1 = each RSU converts to one share without payment; F2/F3 = these conversions represent vesting installments (first of three annual installments for a Jan‑30,‑2025 grant and second of three for a Feb‑1,‑2024 grant).
  • Filing: Report filed 2026-02-03 for reportable transactions on/through 2026-01-30; filing appears timely (within the two business days required for Form 4).

Context

  • This was a routine RSU vesting and tax-withholding event, not an open-market sale or buy. The withheld shares represent a cashless withholding to satisfy tax liabilities — a common administrative step that does not necessarily indicate a change in the insider’s market view.
  • The derivative entries labeled as dispositions reflect the RSU instruments being converted into actual shares upon vesting.