Baker Hughes (BKR) CLO gets 10,665-share award, 4,635 withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Baker Hughes Chief Legal Officer Maria Georgia Magno reported equity compensation activity involving Class A Common Stock. She received a grant of 10,665 shares as a share award, increasing her direct holdings. These shares were earned from performance share units granted in 2023 for a three-year performance period ending December 31, 2025, as approved on March 8, 2026. On the same date, 4,635 shares were withheld at a price of $60.10 per share to satisfy tax obligations, which is a non-market disposition rather than an open-market sale. After these transactions, she directly holds 20,618.296 shares of Baker Hughes Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Magno Maria Georgia
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 10,665 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 4,635 | $60.10 | $279K |
Holdings After Transaction:
Class A Common Stock — 25,253.296 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Baker Hughes (BKR) report for Maria Georgia Magno?
Baker Hughes reported that Chief Legal Officer Maria Georgia Magno received 10,665 shares of Class A Common Stock as an equity award. The shares were earned from 2023 performance share units tied to a three-year performance period ending December 31, 2025, approved on March 8, 2026.
How does the tax-withholding transaction in Baker Hughes (BKR) Form 4 work?
In this Form 4, 4,635 shares of Baker Hughes Class A stock were used to pay tax obligations at $60.10 per share. The company effectively retained these shares instead of paying cash taxes, a common mechanism when equity awards vest or are earned by executives.