Company: BKR
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001193125-25-067674
Chunk: 54

Company: Baker Hughes Co
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 54
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 |              |     |   635,453 |               |
|                      |     | 2/1/2024      |     |     | RSU        |     |     |                                                                       |           |     |               |           |     |            |           |     |                                 |     |         |     |         |     |  20,957 |              |     |   599,999 |               |

| (1) | Amounts represent potential payouts for the fiscal year 2024 performance year under the short-term incentive plan. If threshold levels of performance are not met, then the payout can be zero. |

| (2) | Amounts represent grants of PSUs made in 2024. These awards cliff vest after three years if the performance criteria are met. For potential payout information, see the discussion on “Performance Share Units” in the CD&A Section. Dividends are accrued throughout the three-year vest period on PSUs and paid out once the units vest. The dividend rate is determined by the Board on a quarterly basis. |

| (3) | Amounts shown represent the number of RSUs granted in 2024. Awards generally vest pro rata over a three-year period beginning on the first anniversary of the grant date. Dividends are accrued throughout the year on RSUs and paid out once the units vest. The dividend rate is determined by the Board on a quarterly basis. The Company determines the fair value of RSUs based on the market price of our Common Stock on the date of grant. |

| 51 |

Executive Compensation Outstanding equity awards at 2024 fiscal year end The following table shows outstanding stock option awards classified as exercisable and unexercisable as of December 31, 2024 for the NEOs. The table also shows unvested and unearned stock awards assuming a market value of $41.02 per share (the closing market price of the Company’s Common Stock on December 31, 2024, the last trading day of 2024).

|               |     | Option Awards |           |     |         |             |     |               |     |       |          |     |           |            |     | Stock Awards |          |    |     |           |             |     |         |                 |     |            |              |
| Name          |     |               | Option /  
 PSU /     
 RSU Grant 
 Date      |     |         |   Number of 
  Securities 
  Underlying 
 Unex