Baker Hughes CEO Sells $16.6M in Stock, Exercises 2017 Options Amid Strategic Moves
Baker Hughes CEO Lorenzo Simonelli sold 272,593 shares of Class A common stock on March 4, 2026 for about $16.6 million and on the same day exercised options to buy 187,343 shares at $35.70, costing roughly $6.7 million. The trades were conducted under a Rule 10b5-1 plan and follow a quarter in which the company beat expectations and arranged multi…