Company: BKR
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001193125-25-067674
Chunk: 10

Company: Baker Hughes Co
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 10
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, while the other NEOs have an average of 79% performance-based and at-riskcompensation. Key compensation decisions in 2024 The Company continued to reinforce market-aligned and pay-for-performanceelements of its compensation programs. 2024 Compensation decisions

| Approved selective NEO base salary increases for 2024, to align with the market. |     | Approved corporate funding for the 2024 annual bonus at 140% of target, with payouts ranging between 130% and 160% of target, and 2022 Performance Share Units (“PSUs”) at 166.82% of target. |     | Awarded annual long-term incentive grants with 60% Performance Share Unit (“PSUs”) weighting for the CEO with an emphasis on outperforming the market. |

| 6  2025 Proxy Statement |

Proposal 1 Election of directors

| The Board of Directors recommends that you vote FOR each nominee. |

In analyzing director nominations, the Governance & Corporate Responsibility Committee strives to recommend candidates for director positions who will create a collective membership on the Board with diverse background and experience. Candidates should demonstrate leadership, comprehend the role of a public company director, and exemplify relevant expertise, experience, and a substantive understanding of domestic and international considerations and geopolitics. The Governance & Corporate Responsibility Committee also looks for candidates who will help progress Baker Hughes’ strategy as an energy technology company and as a leader through the energy transition. When analyzing whether directors and nominees have the experience, qualifications, attributes, and skills to enable the Board to satisfy its oversight responsibilities effectively in light of the Company’s business and structure, the Governance & Corporate Responsibility Committee and the Board assess the information summarized in each of the directors’ individual biographies set forth in this Proxy Statement as well as the director skills matrix. Ilham Kadri and each of the current directors, other than Lynn L. Elsenhans who has decided not to stand for re-electionat the end of her current term, have been nominated for election by the Board upon recommendation by the Governance & Corporate Responsibility Committee and have decided to stand for election. Ms. Elsenhans has notified the Company and the Board of her decision not to stand for re-electionat the 2025 Annual Meeting. Ms. Elsenhans intends to serve on the Board through the date of the 2025 Annual Meeting, and her decision not to stand for re-electionis not the result of any disagreement with the Company. All directors who are elected at the Annual Meeting will serve for a