Company: BKR
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001193125-25-067674
Chunk: 44

Company: Baker Hughes Co
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 44
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 an absolute metric for ROIC, with a payout modifier for relative TSR outcomes; |

| • |     | Compares Baker Hughes’ performance versus the Performance Peer Group for FCF conversion; |

| • |     | Measures the cumulative average of ROIC versus pre-selected internal goals; |

| • |     | Compares Baker Hughes’ performance versus the Performance Peer Group and S&P 500 Industrials Index (median performing company) for the TSR modifier; |

| • |     | Determines the outcome of the three metrics over the three-year performance period and delivers any payout that is actually earned at the end; |

| • |     | Balances stock returns with capital investment returns. |

| (1) | The number of the PSUs will be determined by straight-line interpolation for performance between the 25th percentile and the 50th percentile and between the 50th percentile and the 75th percentile for FCF, and between 10% and 12.5% and between 12.5% and 15% for ROIC. |

2022 annual long-term incentive PSU payout The PSUs granted in 2022, which vested based on performance through December 31, 2024, were based on FCF conversion (50%) and ROIC (50%), with a payout modifier for TSR outcomes versus the Company’s Performance Peer Group during the three-year performance period ending in 2024.

| (1) | The number of the PSUs will be determined by straight-line interpolation for performance between the 25th percentile and the 50th percentile and between the 50th percentile and the 75th percentile. |

| 42  2025 Proxy Statement |

Executive Compensation The table below represents each of the performance levels and the associated achievement for the 2022 PSUs.

| 2022 PSU measure               |     | Weighting |     | Results |    |     | Percentile 
 Rank       |     | Payout   
 multiple |     | Weighted 
 Payout   |
| Relative FCF Conversion        |     | 50%       |     | 47.8%   |    |     | 87%        |     | 150%     |     | 75%      |
| 3 year Absolute Change ROIC    |     | 25%       |     | 17%     |    |     | 73%        |     | 146.8%   |     | 36.7%    |
|