Company: BKR
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001193125-25-067674
Chunk: 37

Company: Baker Hughes Co
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 37
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, as Executive Vice President, Oilfield Services & Equipment.                                                                                                                                                                                                                                                                             |
|                                                         | • In September of 2024, we appointed Maria Claudia Borras, our former Executive Vice President, Oilfield Services & Equipment and a proven business leader with over 30 years of experience at Baker Hughes, as Chief Growth & Experience Officer. In this role, Ms. Borras focuses on driving enterprise growth and enhancing customer experience, creating and implementing commercial, regional and marketing strategies and leading transformation to energize business expansion across the Company’s portfolio. |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |

As we continue advancing our strategy, Baker Hughes is well-positioned to drive innovation, deliver value, and lead in the energy transition, while aligning our executive compensation program with long-term shareholder value creation.

| 33 |

Executive Compensation Compensation discussion and analysis This Compensation Discussion and Analysis (“CD&A”) outlines Baker Hughes’ executive compensation program for 2024 for our current NEOs who are listed below and appear in the Summary Compensation Table.

| Lorenzo Simonelli   
 Chairman, President 
 and CEO             |     | Maria Claudia         
 Borras Chief Growth & 
 Experience Officer    |     | Ganesh Ramaswamy    
 Executive           
 Vice President,     
 Industrial & Energy 
 Technology (IET)    |     | Georgia Magno       
 Chief Legal Officer |

The NEOs for 2024 also include Nancy Buese, and the CD&A and accompanying compensation tables include information in respect to Ms. Buese. Ms. Buese ceased to be our Executive Vice President and Chief Financial Officer in February 2025.

| Executive summary                                     |     | 34 |     | Grants of plan-based awards in 2024                                           |     | 51 |
| Total direct compensation for NEOs                    |     | 37 |     | Outstanding equity awards at fiscal year-end                                  |     | 52 |
| Base salaries                                         |     | 38 |     | Option exercises and stock vested                                             |     | 53 |
| Short-Term incentive compensation                     |     | 38 |     | Pension benefits                                                              |     | 54 |
| Long-Term incentive compensation                      |     | 41 |     | Nonqualified deferred compensation                                            |     | 54 |
| Other elements of compensation and hiring on bonuses  |     | 43 |     | Potential payments upon change in control or termination                      |     | 54 |
| Decision-making process and key inputs                |     | 44 |     | CEO pay ratio disclosure                                                      |     |