Monitor for follow-up trades or commentary around earnings. While the sale is large, it appears linked to option exercise and tax events, not necessarily negative sentiment. Absent additional selling or weak fundamentals, this is likely routine.
Price Chart
Executive Summary
Baker Hughes CEO Lorenzo Simonelli sold $16.0M in open-market shares, coinciding with a routine grant and tax-related share withholding. Other C-suite executives also had non-cash transactions. The core open-market sale by the CEO is material in dollar value but aligns with common post-vesting exercise behavior.
Key Financial Metrics
Key Facts
- CEO Lorenzo Simonelli sold 272,594 shares in the open market for $16.03M at $58.79 per share.
- Simonelli also exercised options for 374,688 shares (partially at $35.70, partially at $0), a non-cash event.
- Tax withholding transactions totaling $13.9M occurred across CEO, CFO, and other C-suite executives, resulting in share surrender but no economic outflow.
- Other grants (570,453 shares total) were non-cash awards at $0 value.
- Total open-market selling in cluster: $16.3M, representing 0.03% of $55.2B market cap — modest in scale.
- No open-market buying occurred; all other transactions were non-cash (A, F, M).
Financial Impact
$16.3M in open-market sales by insiders, primarily the CEO; no dilution or direct financial impact to company.
Risk Factors
- Perception risk: Large CEO sale may be interpreted negatively by market despite likely administrative context.
- Timing risk: If near earnings or strategic inflection point, could signal reduced confidence.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (12 trades, 7d window) | cluster-BKR-1773443772215 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 13, 2026 18d ago | Press Release | $56.78 $57.83 | ▲ +1.85% | ▲ +1.74% | $56.00 (−1.37%) |
Sep 9, 2026 23d ago | 8-K | $63.64 $56.32 | ▼ −11.50% | ▼ −10.41% | $56.00 (−12.01%) |
Sep 4, 2026 28d ago | Press Release | $63.50 $56.78 | ▼ −10.58% | ▼ −9.37% | $56.00 (−11.81%) |
Jul 27, 2026 9w ago | 8-K | $60.59 $60.49 | ▼ −0.17% | ▼ −1.24% | $56.00 (−7.58%) |
Jul 26, 2026 9w ago | Press Release | $60.59 $60.49 | ▼ −0.17% | ▼ −1.24% | $56.00 (−7.58%) |
Jul 26, 2026 9w ago | Press Release | $60.59 $60.49 | ▼ −0.17% | ▼ −1.24% | $56.00 (−7.58%) |
Jul 16, 2026 11w ago | 8-K | $56.54 $56.09 | ▼ −0.80% | ▲ +0.87% | $56.00 (−0.96%) |
Jul 1, 2026 13w ago | 144 | $53.82 $54.47 | ▼ −1.21% | ▼ −0.95% | $56.00 (−4.05%) |
Jun 22, 2026 14w ago | 8-K | $59.15 $56.56 | ▼ −4.38% | ▼ −2.31% | $56.00 (−5.33%) |
Jun 16, 2026 15w ago | Insider Cluster | $60.07 $56.38 | ▼ −6.14% | ▼ −5.10% | $56.00 (−6.78%) |
US Market Status
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