Lorenzo Simonelli

Baker Hughes CEO Simonelli sells 181,411 shares ($10.6M) on scheduled 10b5-1 plan; holds 703,444 shares post-sale

Lorenzo Simonelli, Chairman, President and CEO of Baker Hughes, sold 181,411 shares at $58.43 on June 22, 2026, reducing his non-derivative holdings from 884,855 to 703,444 shares via a pre-arranged 10b5-1 trading plan adopted on March 11, 2026. This represents a scheduled transaction rather than a discretionary trade decision. His prior five trades at BKR show mixed near-term outcomes (ranging from -1.2% to +6.9% over 30 days post-sale) with consistent positive 90-day returns (+5.2% to +22.1%), though the broader cross-ticker track record averaged +0.5% over 30 days and +5.3% over 90 days across eight prior sales. The stock has declined 19.9% from its 52-week high of $70.41 and 14.6% over the past 30 days, yet the company maintains solid fundamentals with $6.6B in quarterly revenue, $930.0M net income, and a P/E of 17.96, reflecting a stable market cap of $55.9B.

CEO Simonelli sells 181,411 BKR shares at $63.36 ($11.5M) under pre-arranged 10b5-1 plan; retains 784,944 shares plus options.

Lorenzo Simonelli, Chairman, President and CEO, sold 181,411 shares at $63.36 on 2026-06-12 under a pre-arranged 10b5-1 trading plan adopted on 2026-03-11, reducing his non-derivative holdings by -18.8% to 784,944 shares. The current price of $61.52 is -12.6% from the 52-week high of $70.41, and the stock has declined -4.0% over the past 30 days while rising +7.0% over 90 days. His same-ticker history at BKR shows mixed timing across five prior sales, with 30-day returns ranging from -8.8% to +6.9% and 90-day returns from -2.8% to +22.1%, reflecting variability in post-sale price action. The company reports $6.6B in latest quarterly revenue with -0.3% annual growth and a P/E of 19.59, indicating mature operational fundamentals. As a scheduled transaction under 10b5-1, this sale follows an established plan rather than a discretionary market judgment.

Baker Hughes CEO Simonelli sells 272.6K shares ($16.0M) at $58.79; stock now $54.26, down 11.4% in 30 days

Simonelli Lorenzo, Chairman, President and CEO of Baker Hughes, sold 272,594 shares (272.6K shares) on 2026-03-11 at $58.79, reducing his holdings by -23.9% from 1.14M to 866.4K shares. The sale occurred near the stock's 52-week high of $65.26 (only -16.9% below), but the stock has since declined -11.4% over 30 days and trades at $54.26 as of the filing date, now -7.4% below the transaction price. His cross-ticker track record shows 6 prior sells with a 90-day well-timed rate of 40.00%, indicating his sales are correctly timed to precede declines less than half the time. At BKR specifically, his prior 4 measurable sells posted mixed outcomes: 1 of 4 achieved negative 90-day returns (well-timed), while 3 posted positive returns (poorly timed for selling). The company's fundamentals show $7.0B quarterly revenue with essentially flat annual growth (-0.3%), and a P/E of 21.45 suggests full valuation at the transaction price.

CEO Lorenzo Simonelli sold 272.6K BKR shares at $61.13 for $16.7M, reducing stake by -28.8%

Simonelli sold 272,593 shares (272.6K shares) of Baker Hughes at $61.13 on 2026-03-04, representing a substantial reduction of his holdings by -28.8% (from 945.4K to 672.8K shares). The sale occurred near the 52-week high, with the stock currently at $59.81, -8.4% from its peak of $65.26. Examining his ticker-specific history at BKR, only 2 of his 5 prior sales resulted in negative 90-day returns (well-timed sells), suggesting inconsistent predictive timing at this particular stock. His cross-ticker track record shows an average 90-day return of +4.7% following sells, with a 40.00% well-timed rate, indicating his sales historically underperform as timing calls. The scale of this single-transaction reduction—$16.7M and nearly one-third of his holdings in one day—is notable for a sitting CEO.

CEO Simonelli sells 526,568 shares of BKR at $44.42; post-sale holdings 667,593 shares (-44.1% reduction)

Simonelli Lorenzo, Chairman, President and CEO, executed a substantial sale of 526,568 shares at $44.42 on 2025-07-23, reducing his holdings by 44.1% from 1,194,161 to 667,593 shares. At the time of sale, BKR was trading $1.63 below its current price of $46.05, and the transaction occurred while the stock was up 22.5% over the prior 30 days and up 26.3% over the prior 90 days. Across his four prior sales at BKR, Simonelli achieved a 50% well-timed rate at the 90-day mark—meaning half his prior BKR sales preceded subsequent stock declines—but his cross-ticker selling track record shows an average 90-day return of +4.6%, indicating his sales have generally not preceded major pullbacks. The scale of this reduction—$23.4M in value and a 44.1% holding decrease by the CEO—merits investor attention to whether this reflects estate planning, diversification, or other standard considerations by a long-tenured executive.

CEO Simonelli sold 114,286 BKR shares at $35.00 on 2024-08-08; retains 502,053 shares post-sale.

Simonelli Lorenzo, Chairman, President and CEO, sold 114,286 shares for $4,000,010.00, reducing his holdings by 18.5% to 502,053 shares. The sale occurred at $35.00 per share, while the stock currently trades at $35.15, placing it 9.2% below its 52-week high of $38.72. Looking at his same-ticker history at BKR, his two prior measurable sales (2023-08-08 and 2023-08-01) showed mixed timing: one delivered positive 90-day returns (+0.4%) while the other declined (-1.5%), yielding a 50% well-timed rate at this ticker. His cross-ticker track record across all open-market sales shows an avg 90-day return of -0.5% with a 50% well-timed rate. Baker Hughes maintains solid fundamentals with $7,139,000,000 in latest quarterly revenue, net income of $579,000,000, +20.6% annual revenue growth, and a P/E of 17.49. The sale size—18.5% of prior holdings—is material but leaves the CEO with 502,053 shares, maintaining significant retained ownership.

CEO Simonelli sold 114,286 BKR shares at $38.55 on 2024-08-01; stock now $34.51, -10.9% from 52-week high.

Simonelli Lorenzo, Chairman, President and CEO of Baker Hughes, sold 114,286 shares for $4,405,725.30, reducing his holdings by 15.6% from 730,625 to 616,339 shares. The sale occurred at $38.55, near the 52-week high of $38.72; the stock has since declined to $34.51, making this sale well-timed relative to the subsequent 90-day period. His prior trades at Baker Hughes show mixed results: one sell on 2023-08-08 (30d +6.9%, 90d +0.4%) and another on 2023-08-01 (30d +2.0%, 90d -1.5%), with only one of two prior BKR sales considered well-timed at the 90-day mark. The company's fundamentals remain solid with $7.1B in quarterly revenue, $579.0M net income, and 20.6% annual revenue growth, but the current valuation at 17.17 P/E and market cap of $34.3B offers less downside protection if growth expectations moderate.