Lorenzo Simonelli exercises $6.7M in BKR options
Lorenzo Simonelli, Chairman, President and CEO of Baker Hughes, exercised options to acquire 187,344 shares at $35.70 per share for a total value of $6.7 million under a 10b5-1 plan. Following the transaction, Simonelli holds 1,139,038 shares.
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Our Take
→Baker Hughes CEO Simonelli exercised 187K options at $35.70 under a 10b5-1 plan, bringing his direct ownership to 1.14M shares. Oilfield services executives have monetized equity as the sector trades near multi-year highs despite flat global rig counts.
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Filing Details — SEC Form 4
InsiderSimonelli Lorenzo
RoleChairman, President and CEO
TransactionOptions Exercise
Equity TypeNon-Derivative
Shares187,344
Price/Share$36
Total Value$6,688,181
Shares Owned After1,139,038
10b5-1 PlanYes — pre-planned trade
Filing DateMarch 13, 2026