Company: BKR
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001193125-25-067674
Chunk: 68

Company: Baker Hughes Co
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 68
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        4,815,026 |     |                                            289,148 |     | —                              |     |                           2,348,778 |     |                                                                                1,629,713 |     |                                                                                                                 (474,998 | ) |     | —                                                                           |     |                                                                                                                    (735,786 | ) |     | (516,205                                                                                  | ) |     | —                                                                           |     |            2,079,825 |

| (1) | The average CAP for 2024 comprised of compensation for Ms. Buese, Ms. Borras, Mr. Ramaswamy, and Ms. Magno. |

| (2) | The average CAP for 2023 comprised of compensation for Ms. Buese, Ms. Borras, Mr. Ramaswamy, Mr. Apostolides, Mr. Christie, and Ms. Jones. |

| (3) | The average CAP for 2022 comprised of compensation for Mr. Worrell, Ms. Buese, Ms. Borras, Mr. Christie, and Mr. Saunders. |

| (4) | The average CAP for 2021 comprised of compensation for Mr. Worrell, Ms. Borras, Mr. Christie, and Mr. Saunders. |

| (5) | The average CAP for 2020 comprised of compensation for Mr. Worrell, Ms. Borras, Mr. Christie, Mr. Ukpong, Mr. Mathieson, and Mr. Marsh. |

In addition to the tabular disclosure above, the following is an unranked list of the most important performance measures that link Compensation Actually Paid to Company performance.

| Most Important Performance Measures |
| Adjusted EBITDA                     |
| FCF                                 |
| ROIC                                |
| Relative TSR                        |

| 61 |

Executive Compensation Pay versus Performance CAP Comparisons Each of the following charts shows the relationship between CAP and the required performance measures in the tabular disclosure; Baker Hughes TSR (value of initial fixed $100 investment), Net Income (loss), and Adjusted EBITDA (Company Selected Measure). The first chart shows the relationship between Baker Hughes TSR and its peer group TSR (value of initial fixed $100 investment). The Human Capital and Compensation Committee does not use Net Income as a standalone metric to directly determine pay outcomes. Instead, the Committee believes that Adjusted EBITDA better reflects the Company’s performance and aligns executives’ interests with shareholders’ interests as it relates to the Company’s strategic priorities.

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