Baker Hughes Co·4

Mar 10, 8:36 PM ET

Magno Maria Georgia 4

Research Summary

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Baker Hughes CLO Maria Magno Receives 10,665-Share Award

What Happened

  • Maria Georgia Magno, Chief Legal Officer of Baker Hughes Co. (BKR), was issued 10,665 shares on March 8, 2026 as the vesting/settlement of performance share units (PSUs) (code A, $0.00 per share).
  • On the same date, 4,635 of those shares were disposed/withheld to satisfy tax withholding obligations at $60.10 per share, generating roughly $278,564 (code F).

Key Details

  • Transaction date(s): March 8, 2026; Form 4 filed March 10, 2026 (timely filing).
  • Award: 10,665 shares issued (reported at $0.00 acquisition price, reflecting settlement of PSUs).
  • Tax withholding: 4,635 shares withheld/disposed at $60.10 → ~$278,564 to cover taxes.
  • Shares owned after transaction: not disclosed in the provided filing excerpt.
  • Footnote: F1 — These shares represent PSUs granted in 2023 for the three‑year performance period ending 12/31/2025, approved by the Human Capital and Compensation Committee on March 8, 2026.
  • Transaction codes: A = award/acquisition; F = payment of exercise price or tax liability (withholding).

Context

  • This transaction reflects vested equity compensation (PSUs) being settled, not an open-market purchase or a voluntary sale of shares for investment purposes.
  • Withholding a portion of an award to cover taxes is a routine administrative action and does not by itself signal the insider’s view on the stock.