Lorenzo Simonelli, Chairman, President, and CEO of Baker Hughes Co (BKR), has sold 272,593 shares of the company's stock. The transaction, which took place on March 4, 2026, was executed at an average price of $61.13 per share, resulting in a total value of approximately $16.66 million.
This insider sale comes amidst a period of other notable sell-offs by Baker Hughes executives. In February 2026, James E. Apostolides sold a combined 25,824 shares, Maria C. Borras divested 54,434 shares, and Maria Georgia Magno offloaded 19,150 shares.
Insider sales can be influenced by a variety of personal financial decisions, such as tax planning or portfolio diversification strategies, and do not necessarily indicate a diminished confidence in the company's future prospects.