Company: BKR
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001193125-25-067674
Chunk: 45

Company: Baker Hughes Co
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 45
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3 year Cumulative Average ROIC |     | 25%       |     | 8.9%    |    |     | 27%        |     | 53.4%    |     | 13.35%   |
| Weighted payout                |     |           |     |         |    |     |            |     |          |     | 125.05%  |
| Relative TSR Modifier          |     |           |     | + 85%   | -1 |     | 67%        |     |          |     | 1.334x   |
| Total payout                   |     |           |     |         |    |     |            |     |          |     | 166.82%  |

| (1) | Represents Baker Hughes’ cumulative TSR over three-year period beginning December 31, 2021 and ending December 31, 2024, including dividends. |

Other elements of compensation Baker Hughes offers a variety of health and welfare and retirement programs to all eligible employees. The NEOs are generally eligible for the same broad-based benefit programs on the same basis as the rest of our employees who work in their respective countries. Programs that provide different levels of benefits for executive officers are noted in the descriptions below, including long-term disability, life insurance, the Baker Hughes Supplemental Retirement Plan (the “SRP”), the frozen Baker Hughes Supplementary Pension Plan, the Executive Severance Plan, and financial counseling. We routinely benchmark our benefit programs against the competitive market and make modifications as we deem appropriate. Outlined below is a summary of benefits provided in 2024 to Baker Hughes executives. Executive benefits Life insurance The Company provides life insurance and accidental death and dismemberment programs to provide financial protection for employees or their beneficiaries in the event of death. In the U.S., executive officers receive life insurance and accidental death and dismemberment coverage at two times base salary. Executive officers may also purchase perquisite life insurance and accidental death and dismemberment coverage from one to three times pay. All employees have the option of purchasing supplemental life insurance, spouse and child life insurance as well as voluntary accidental death and dismemberment insurance. Various limits apply to each program. The Company also provides a long-term disability program with continuation of a percentage of the employee’s base pay up to age 65 if the employee has a qualifying disability lasting longer than 26 weeks. Disability coverage options include Company paid core coverage equal to 50% income replacement or optional buy-upcoverage equal