Company: BKR
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001193125-25-067674
Chunk: 36

Company: Baker Hughes Co
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 36
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 salary, bonus, and other compensation, of approximately £1,183,000. On August 24, 2024, Ms. Prieto Matesanz and the Company entered into an agreement relating to the termination of Ms. Prieto Matesanz’s employment relationship with the Company. Per the terms of this agreement, Ms. Prieto Matesanz’s employment with the Company ended on December 31, 2024, and Ms. Prieto Matesanz will receive a cash separation payment of approximately £1,300,000 from the Company in July of 2025.

| 32  2025 Proxy Statement |

Executive compensation Aligning strategy and rewards to drive performance and deliver value in 2024 In 2024, Baker Hughes delivered strong financial and operational performance while advancing strategic priorities through innovation, operational excellence, and sustainable growth. Guided by our strategic approach, we focused on transforming core operations, investing in growth areas, and leading in the energy transition. We are encouraged by all that we accomplished:

| Outstanding Execution and Financial Performance in 2024 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | • Financial Results and Strategic Alignment: Robust revenue growth and EBITDA margin expansion highlighted disciplined execution and continuous improvement, supported by the integration of an EBITDA margin metric into the short-term incentive plan (STIP) to emphasize profitability and operational excellence.   • Shareholder Returns: The strength of our strategy was reflected in strong Total Shareholder Return (TSR) over 1, 3, and 5 year periods (+23%, +84%, +86%, respectively), significantly outperforming our industry. |
|:--------------------------------------------------------|:----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Progress on Non-Financial Priorities                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | • Significant progress on Strategic Blueprint scorecard metrics, including advancements in safety, compliance and new energy orders.                                                                                                                                                                                                                                                                                                                                                                                                         |
| Aligning Performance with Rewards                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | • Above-target payouts for short and long-term incentive plans aligned with company achievements and emphasized accountability and excellence.                                                                                                                                                                                                                                                                                                                                                                                               |
| Progress on                                             
 Strategic Transformation Strategy                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | • In September of 2024, we appointed Amerino Gatti, a seasoned energy and industrial executive with over 30 years of experience and a deep domain of expertise in oil & gas and industrial services