Baker Hughes Approves 2026 LTIP and ESPP at Annual Meeting

Details

The LTIP provides for a share reserve of 9,500,000 new shares of Class A common stock, while the ESPP increases the number of shares available for issuance by 9,500,000 shares, for a total of 14,408,532 shares. These plans aim to attract and retain employees and non-employee directors by offering stock-based and cash-based incentive compensation. All nominated directors were elected, the executive compensation program was approved on an advisory basis, and KPMG LLP was ratified as the independent registered public accounting firm for fiscal year 2026.

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About Baker Hughes Company

Baker Hughes Company is a global energy technology provider that plays a critical role in the oil and gas sector. The company's primary function is to deliver integrated oilfield products, services, and digital solutions that optimize the development and management of hydrocarbon resources. With a comprehensive portfolio that includes drilling services, completion technologies, and innovative carbon reduction strategies, Baker Hughes serves a diverse range of clients, including oil and gas companies, both onshore and offshore. The company is also at the forefront of advancing cleaner energy technologies, emphasizing innovation in energy efficiency and emission reduction. Founded in 1907 and headquartered in Houston, Texas, Baker Hughes is a pivotal player in the energy market, influencing technology-driven transformations and operational efficiencies throughout the industry. Its integration of advanced data analytics and digital solutions showcases its commitment to enhancing the performance and sustainability of energy production worldwide.