Baker Hughes (BKR) CEO sells 272,593 shares in Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Baker Hughes Co Chairman, President and CEO Lorenzo Simonelli exercised stock options and sold shares in a planned transaction. On March 4, 2026, he exercised 187,343 stock options, acquiring the same number of Class A common shares at an exercise price of $35.70 per share.
On the same date, he sold 272,593 Class A common shares at a weighted average price of $61.13 per share under a Rule 10b5-1 trading plan adopted on November 10, 2025. After these transactions, he directly owned 672,810 Class A common shares. The exercised stock options were originally granted on August 1, 2017 and vested in three equal annual installments beginning one year after grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 272,593 shares ($16,663,610)
Net Sell
3 txns
Insider
Simonelli Lorenzo
Role
Chairman, President and CEO
Sold
272,593 shs ($16.66M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 187,343 | $0.00 | -- |
| Exercise | Class A Common Stock | 187,343 | $35.70 | $6.69M |
| Sale | Class A Common Stock | 272,593 | $61.13 | $16.66M |
Holdings After Transaction:
Stock Option (Right to Buy) — 187,344 shares (Direct);
Class A Common Stock — 945,403 shares (Direct)
Footnotes (1)
- This transaction is pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 10, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.54 to $62.28, inclusive. Details on the number of shares sold at each separate price will be provided to the Issuer, any shareholder of the Issuer, or staff of the Securities and Exchange Commission upon request. The stock option was granted on August 1, 2017 and vested in three equal annual installments beginning one year from the date of grant.
FAQ
What did Baker Hughes (BKR) CEO Lorenzo Simonelli report in this Form 4?
Lorenzo Simonelli reported exercising 187,343 stock options and selling 272,593 Baker Hughes Class A shares. The option exercise converted derivative securities into common stock, and the subsequent sale adjusted his direct holdings while remaining part of a pre-established 10b5-1 trading plan.
How many Baker Hughes (BKR) stock options did Lorenzo Simonelli exercise?
He exercised 187,343 stock options, acquiring the same number of Baker Hughes Class A common shares. The options carried an exercise price of $35.70 per share and were originally granted on August 1, 2017, vesting in three equal annual installments after grant.
When were the exercised Baker Hughes (BKR) stock options originally granted and how did they vest?
The exercised stock options were granted on August 1, 2017 and vested in three equal annual installments. Vesting began one year after the grant date, meaning the award became fully vested over three years before being exercised in March 2026.