Apostolides James E 4

What Happened James E. Apostolides, Baker Hughes' Chief Infrastructure & Performance Officer, exercised stock options and sold shares on February 10, 2026. He exercised 10,989 shares at an exercise price of $22.98 (cost ~$252,527) and sold a total of 25,824 shares in open‑market transactions (14,835 + 10,989) at $59.74 per share, generating proceeds of $886,243 and $656,483 respectively (total sales proceeds $1,542,726). The filings also report disposition of the derivative instrument (the option) associated with the exercised shares.

Key Details

• Transaction date: 2026-02-10; Form 4 filed 2026-02-11 (timely within required reporting window).
• Sales: 14,835 shares @ $59.74 = $886,243; 10,989 shares @ $59.74 = $656,483. Total shares sold = 25,824; total sales proceeds = $1,542,726.
• Exercise: 10,989 shares exercised @ $22.98 = $252,527 (option grant dated Jan 23, 2020; vested in three equal annual installments starting one year after grant).
• Derivative disposition reported at $0 reflects the termination/exercise of the option instrument.
• Footnote: At least one sale was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on Nov 10, 2025.
• Shares owned after these transactions: Not disclosed in this filing.

Context

• This was an option exercise combined with immediate open‑market sales of the exercised shares (a cashless exercise / sell‑to‑cover style sequence), which is common for executives monetizing vested options.
• Sales do not necessarily indicate a change in company outlook by the insider; the 10b5-1 plan note suggests some trades were pre‑arranged.