Baker Hughes (BKR) CFO converts RSUs to shares and withholds stock for taxes
Rhea-AI Filing Summary
Baker Hughes Co executive Ahmed Farhan Moghal, EVP and Chief Financial Officer, reported equity award activity involving the company’s Class A Common Stock. On February 24, 2026, he exercised 8,049 restricted stock units, which converted into 8,049 shares of Class A Common Stock at a price of $0.00 per share.
To cover tax obligations from this vesting, 3,984 shares of Class A Common Stock were disposed of at $64.72 per share as a tax-withholding transaction. After these transactions, he directly held 28,906 shares of Class A Common Stock and 16,099 restricted stock units. The restricted stock units represent rights to receive, without payment, one share of Class A Common Stock per unit, with this vesting described as the first of three equal annual installments from a February 24, 2025 grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units 01_25 | 8,049 | $0.00 | -- |
| Exercise | Class A Common Stock | 8,049 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 3,984 | $64.72 | $258K |
Footnotes (1)
- Each restricted stock unit represents a right to receive without payment one share of Class A Common Stock of the Issuer. Represents the first of three equal annual installments that vest annually beginning on the first anniversary of the February 24, 2025 grant date.