Companies Baker Hughes
Baker Hughes (BKR): executive pay, fiscal 2025
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CEO vs. named peers73rd pct.Of 40 peer CEOs
CEO pay, last three years
- $22,186,164FY2023
- $19,897,221FY2024
- $21,363,825FY2025
CEO total pay was $21,363,825 in fiscal 2025, up from $19,897,221 in fiscal 2024.
FY2025: salary $1,710,000 · stock awards $13,310,819 · option awards $0
Executives and directors
Ahmed Moghal · CFOGanesh Ramaswamy · EVPGeorgia Magno · General CounselAmerino Gatti · EVPLorenzo Simonelli · CEOMaria Claudia Borras · EVPNancy Buese · CFOAbdulaziz M. Al Gudaimi · Independent DirectorCynthia B. Carroll · Independent DirectorGregory D. Brenneman · Independent DirectorJohn G. Rice · Independent DirectorLynn L. Elsenhans · Former director (through FY2025)Michael R. Dumais · Independent DirectorMohsen M. Sohi · Independent DirectorShirley A. Edwards · Independent DirectorW. Geoffrey Beattie · Independent Director
Frequently asked questions
Who was the highest-paid executive at Baker Hughes in fiscal 2025?
As disclosed, Lorenzo Simonelli (Chairman, President and CEO) was the highest-paid executive at Baker Hughes in fiscal 2025, with total compensation of $21,363,825.
How does Baker Hughes's chief executive pay compare to its disclosed peer group?
As disclosed, Lorenzo Simonelli's total compensation ranked at the 73rd percentile of Baker Hughes's disclosed peer group.
What is Baker Hughes's CEO-to-median employee pay ratio?
As disclosed, Baker Hughes's CEO-to-median employee pay ratio was 310:1.
How did shareholders vote on Baker Hughes's executive compensation?
As disclosed, 92.78% of shareholders supported Baker Hughes's executive compensation in the latest say-on-pay vote.
How much does Baker Hughes spend in total on board compensation for fiscal 2025?
As disclosed, Baker Hughes reported total board compensation of $2,917,858 for fiscal 2025.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Lorenzo Simonelli | $1,710,000 | — | $13,310,819 | $0 | $3,557,706 | $911,327 | $1,873,973 | $21,363,825 |
| Chairman, President and CEO | ||||||||
| Nancy Buese | 612,637 | — | 4,221,924 | 0 | 0 | 0 | 1,243,884 | 6,078,445 |
| Former Executive Vice President and Chief Financial Officer | ||||||||
| Maria Claudia Borras | 970,000 | — | 3,109,951 | 0 | 1,124,812 | 31,257 | 772,593 | 6,008,613 |
| Chief Growth & Experience Officer & EVP–IET (Interim) | ||||||||
| Ahmed Moghal | 743,036 | — | 3,128,458 | 0 | 951,008 | 173,400 | 245,663 | 5,241,565 |
| Chief Financial Officer | ||||||||
| Amerino Gatti | 900,000 | — | 2,591,564 | 0 | 971,010 | 23,474 | 166,798 | 4,652,846 |
| Executive Vice President–OFSE | ||||||||
| Ganesh Ramaswamy | 791,538 | — | 3,109,951 | 0 | 0 | 152 | 356,006 | 4,257,647 |
| Former Executive Vice President–IET | ||||||||
| Georgia Magno | 669,231 | — | 1,554,976 | 0 | 821,926 | 0 | 313,608 | 3,359,741 |
| Chief Legal Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Lorenzo Simonelli | $21,363,825 | $19,897,221 | $22,186,164 | ↑ +1,466,604 |
| Nancy Buese | 6,078,445 | 6,322,286 | 6,170,415 | ↓ −243,841 |
| Maria Claudia Borras | 6,008,613 | 5,728,116 | 7,043,477 | ↑ +280,497 |
| Ahmed Moghal | 5,241,565 | — | — | — |
| Amerino Gatti | 4,652,846 | — | — | — |
| Ganesh Ramaswamy | 4,257,647 | 5,082,458 | 9,207,824 | ↓ −824,811 |
| Georgia Magno | 3,359,741 | 2,917,089 | — | ↑ +442,652 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The purpose of our rewards strategy is to attract and align the executive talent needed to execute on the Company’s financial and strategic priorities. We aim to create strong linkages between pay and performance and reward our executives for achieving both short and long-term results.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Frederic W. Cook & Co., Inc. |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Ahmed Moghal | PSU | 2025-02-24 | — | 24,148 | — | 54,333 | $1,175,283 |
| Amerino Gatti | RSU | 2025-01-30 | — | — | 28,026 | — | 1,249,960 |
| Ahmed Moghal | PSU | 2025-01-30 | — | 9,470 | — | 21,308 | 453,329 |
| Ahmed Moghal | RSU | 2025-01-30 | — | — | 9,470 | — | 422,362 |
| Ahmed Moghal | RSU | 2025-02-24 | — | — | 24,148 | — | 1,077,484 |
| Lorenzo Simonelli | RSU | 2025-01-30 | — | — | 114,349 | — | 5,099,965 |
| Maria Claudia Borras | PSU | 2025-01-30 | — | 33,632 | — | 75,672 | 1,609,964 |
| Amerino Gatti | PSU | 2025-01-30 | — | 28,026 | — | 63,059 | 1,341,605 |
| Georgia Magno | RSU | 2025-01-30 | — | — | 16,816 | — | 749,994 |
| Ganesh Ramaswamy | RSU | 2025-01-30 | — | — | 33,632 | — | 1,499,987 |
| Ganesh Ramaswamy | PSU | 2025-01-30 | — | 33,632 | — | 75,672 | 1,609,964 |
| Maria Claudia Borras | RSU | 2025-01-30 | — | — | 33,632 | — | 1,499,987 |
| Nancy Buese | PSU | 2025-01-30 | — | 39,237 | — | 88,283 | 1,878,275 |
| Lorenzo Simonelli | PSU | 2025-01-30 | — | 171,524 | — | 385,929 | 8,210,854 |
| Georgia Magno | PSU | 2025-01-30 | — | 16,816 | — | 37,836 | 804,982 |
| Nancy Buese | RSU | 2025-01-30 | — | — | 8,344 | — | 372,309 |
| Nancy Buese | RSU | 2025-01-30 | — | — | 39,237 | — | 1,749,970 |
| Nancy Buese | PSU | 2025-01-30 | — | 1,698 | — | 3,821 | 110,625 |
| Nancy Buese | PSU | 2025-01-30 | — | 1,612 | — | 3,627 | 110,744 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Ahmed Moghal | $1,499,846 | $1,628,612 | $0 | 52.1% |
| Amerino Gatti | 1,249,960 | 1,341,605 | 0 | 51.8% |
| Lorenzo Simonelli | 5,099,965 | 8,210,854 | 0 | 61.7% |
| Maria Claudia Borras | 1,499,987 | 1,609,964 | 0 | 51.8% |
| Georgia Magno | 749,994 | 804,982 | 0 | 51.8% |
| Ganesh Ramaswamy | 1,499,987 | 1,609,964 | 0 | 51.8% |
| Nancy Buese | 2,122,279 | 2,099,644 | 0 | 49.7% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Georgia Magno | Option | 2,417 | 36.89 | — |
| Georgia Magno | RSU | 2,654 | — | 120,863 |
| Georgia Magno | Option | 3,552 | 35.55 | — |
| Ahmed Moghal | RSU | 3,843 | — | 175,010 |
| Ahmed Moghal | Option | 6,913 | 22.98 | — |
| Ahmed Moghal | Option | 7,050 | 36.89 | — |
| Ahmed Moghal | Option | 7,992 | 35.55 | — |
| Ahmed Moghal | RSU | 8,750 | — | 398,475 |
| Ahmed Moghal | RSU | 9,470 | — | 431,264 |
| Ahmed Moghal | PSU | 9,470 | — | 431,264 |
| Georgia Magno | Option | 10,047 | 22.98 | — |
| Georgia Magno | PSU | 10,665 | — | 485,684 |
| Ahmed Moghal | PSU | 13,125 | — | 597,713 |
| Maria Claudia Borras | RSU | 16,584 | — | 755,235 |
| Georgia Magno | RSU | 16,816 | — | 765,801 |
| Georgia Magno | PSU | 16,816 | — | 765,801 |
| Amerino Gatti | RSU | 19,614 | — | 893,222 |
| Georgia Magno | PSU | 20,957 | — | 954,382 |
| Nancy Buese | PSU | 22,072 | — | 1,005,159 |
| Ahmed Moghal | PSU | 23,162 | — | 1,054,797 |
| Ahmed Moghal | RSU | 24,148 | — | 1,099,700 |
| Ahmed Moghal | PSU | 24,148 | — | 1,099,700 |
| Amerino Gatti | RSU | 28,026 | — | 1,276,304 |
| Amerino Gatti | PSU | 28,026 | — | 1,276,304 |
| Maria Claudia Borras | RSU | 33,632 | — | 1,531,601 |
| Maria Claudia Borras | PSU | 33,632 | — | 1,531,601 |
| Maria Claudia Borras | RSU | 34,928 | — | 1,590,621 |
| Lorenzo Simonelli | RSU | 50,857 | — | 2,316,028 |
| Maria Claudia Borras | PSU | 52,392 | — | 2,385,932 |
| Maria Claudia Borras | Option | 55,506 | 35.55 | — |
| Nancy Buese | PSU | 84,225 | — | 3,835,607 |
| Maria Claudia Borras | PSU | 99,962 | — | 4,552,269 |
| Lorenzo Simonelli | RSU | 111,771 | — | 5,090,051 |
| Lorenzo Simonelli | RSU | 114,349 | — | 5,207,453 |
| Lorenzo Simonelli | PSU | 171,524 | — | 7,811,203 |
| Lorenzo Simonelli | Option | 199,822 | 35.55 | — |
| Lorenzo Simonelli | PSU | 251,484 | — | 11,452,581 |
| Lorenzo Simonelli | Option | 374,687 | 35.7 | — |
| Lorenzo Simonelli | PSU | 459,826 | — | 20,940,476 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| W. Geoffrey BeattieIndependent | $155,370 | $180,000 | — | — | $81,863 | $417,233 |
| Gregory D. BrennemanIndependent · Finance (Chair) | 153,455 | 180,000 | — | — | 78,131 | 411,586 |
| John G. RiceIndependent · Lead Independent Director · Governance & Corporate Responsibility (Member) · Human Capital and Compensation (Member) | 171,317 | 180,000 | — | — | 17,540 | 368,857 |
| Mohsen M. SohiIndependent · Audit (Chair) | 151,714 | 180,000 | — | — | 18,154 | 349,868 |
| Cynthia B. CarrollIndependent · Human Capital and Compensation (Chair) | 160,000 | 180,000 | — | — | 0 | 340,000 |
| Michael R. DumaisIndependent · Governance & Corporate Responsibility (Chair) | 147,683 | 180,000 | — | — | 0 | 327,683 |
| Shirley A. EdwardsIndependent · AC Audit Committee · FC Finance Committee · Human Capital and Compensation (Member) | 142,500 | 180,000 | — | — | 0 | 322,500 |
| Abdulaziz M. Al GudaimiIndependent · Audit (Member) · Human Capital and Compensation (Member) | 141,533 | 180,000 | — | — | 0 | 321,533 |
| Lynn L. ElsenhansIndependent · Not standing for re-election · Departed during FY | 58,598 | 0 | — | — | 0 | 58,598 |
| Lorenzo SimonelliEmployee director · Board Chair | — | — | — | — | — | 0 |
| Ilham KadriIndependent · AC Audit Committee · FC Finance Committee · Partial-year service · Newly elected | — | — | — | — | — | — |
Board fee structure and ownership guideline
| Annual cash retainer | $125,000 |
|---|---|
| Annual equity retainer | $180,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 25,000 / 25,000 / 20,000 |
| Stock ownership guideline | $5 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $1,282,170 |
| Equity awards (grant-date value) | $1,440,000 |
| All other compensation | $195,688 |
| Total cost of the board | $2,917,858 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Baker Hughes as a peer
Companies that benchmark against BKR
16 companies name BKR as a compensation peer
- Air Products & Chemicals, Inc.APDFY2025
- Cheniere Energy, Inc.LNGFY2025
- FLUOR CORPFLRFY2025
- FREEPORT-MCMORAN INCFCXFY2025
- GE Vernova Inc.GEVFY2025
- HALLIBURTON COHALFY2025
- Helmerich & Payne, Inc.HPFY2025
- NABORS INDUSTRIES LTDNBRFY2025
- NEWMONT Corp /DE/NEMFY2025
- Noble Corp plcNEFY2025
- NOV Inc.NOVFY2025
- Solaris Energy Infrastructure, Inc.SEIFY2025
- TechnipFMC plcFTIFY2025
- Valaris LtdVALFY2025
Each company listed discloses BKR in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named BKR in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
DE Deere & CompanyIP International Paper CompanyLHX L3Harris Technologies, Inc.MMM 3M CompanyCAT Caterpillar Inc.COP ConocoPhillipsCMI Cummins Inc.DHR Danaher CorporationDVN Devon Energy CorporationETN Eaton Corporation plcEMR Emerson Electric Co.EOG EOG Resources, Inc.GD General Dynamics CorporationGEV GE VernovaHON Honeywell International Inc.ITW Illinois Tool Works Inc.JCI Johnson Controls International plcNOC Northrop Grumman CorporationNOV NOV Inc.OXY Occidental Petroleum CorporationPCAR PACCAR Inc.PH Parker-Hannifin CorporationPWR Quanta ServicesSLB Schlumberger LimitedFTI TechnipFMC plcTXT Textron Inc.HAL Halliburton CompanyTXT Textron Inc.RIG Transocean Ltd.NOV NOV Inc.DHR Danaher CorporationHON Honeywell International Inc.EOG EOG Resources, Inc.EMR Emerson Electric Co.NOC Northrop Grumman CorporationHAL Halliburton CompanyGLNG Golar LNG LimitedETN Eaton Corporation plcIP International Paper CompanyINVX Innovex International, Inc.
Peer reciprocity
The companies Baker Hughes names as compensation peers that name it back in their own disclosed peer groups.
GE Vernova (GEV)75NOV Inc. (NOV)76TechnipFMC plc (FTI)77Halliburton Company (HAL)78Transocean Ltd. (RIG)79
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Deere & Company | 2025 | John May | $1,694,507 | $13,950,239 | $4,255,133 | $5,450,551 | $27,925,424 |
| 2 | General Dynamics Corporation | 2025 | Phebe Novakovic | 1,737,500 | 12,539,634 | 5,220,445 | 5,729,000 | 25,924,082 |
| 3 | L3Harris Technologies, Inc. | 2025 | Christopher Kubasik | 1,550,000 | 11,028,701 | 3,543,778 | 6,200,000 | 25,617,590 |
| 4 | Northrop Grumman Corporation | 2025 | Kathy Warden | 1,840,385 | 16,750,230 | 0 | 4,218,000 | 25,357,443 |
| 5 | Danaher Corporation | 2025 | Rainer Blair | 1,400,000 | 9,292,370 | 8,386,657 | 4,194,400 | 23,795,280 |
| 6 | ConocoPhillips | 2025 | Ryan Lance | 1,800,000 | 16,543,434 | 0 | 4,590,000 | 23,450,085 |
| 7 | Parker-Hannifin Corporation | 2026 | Jennifer Parmentier | 1,537,500 | 7,586,898 | 7,841,940 | 4,539,822 | 22,761,169 |
| 8 | Baker Hughes | 2025 | Lorenzo Simonelli | 1,710,000 | 13,310,819 | 0 | 3,557,706 | 21,363,825 |
| 9 | Emerson Electric Co. | 2025 | Lal Karsanbhai | 1,537,500 | 15,413,325 | 0 | 3,728,525 | 21,240,262 |
| 10 | Textron Inc. | 2025 | Scott Donnelly | 1,530,577 | 10,588,942 | 3,463,119 | 3,246,000 | 21,165,556 |
| 11 | 3M Company | 2025 | William Brown | 1,800,000 | 7,753,852 | 7,001,242 | 3,745,322 | 21,005,009 |
| 12 | Honeywell International Inc. | 2025 | Vimal Kapur | 1,600,000 | 10,866,269 | 3,623,914 | 3,516,800 | 20,381,435 |
| 13 | Johnson Controls International plc | 2025 | Joakim Weidemanis | 825,000 | 12,849,088 | 3,749,993 | 2,357,247 | 19,963,827 |
| 14 | Cummins Inc. | 2025 | Jennifer Rumsey | 1,533,750 | 6,429,004 | 0 | 6,975,656 | 19,905,532 |
| 15 | Occidental Petroleum Corporation | 2025 | Vicki Hollub | 1,596,781 | 12,298,207 | 0 | 3,200,000 | 18,055,969 |
| 16 | GE Vernova | 2025 | Scott Strazik | 1,469,136 | 8,514,678 | 2,191,808 | 4,500,000 | 18,020,345 |
| 17 | TechnipFMC plc | 2025 | Douglas Pferdehirt | 1,450,000 | 12,361,640 | 0 | 3,501,750 | 17,816,188 |
| 18 | EOG Resources, Inc. | 2025 | Ezra Yacob | 1,434,615 | 12,729,628 | 0 | 2,718,800 | 17,576,636 |
| 19 | Schlumberger Limited | 2025 | Olivier Le Peuch | 1,650,000 | 12,374,953 | 0 | 2,083,950 | 17,347,291 |
| 20 | Caterpillar Inc. | 2025 | Joseph Creed | 1,381,892 | 9,538,484 | 3,101,117 | 2,476,800 | 17,008,077 |
| 21 | Halliburton Company | 2025 | Jeffrey Miller | 1,700,000 | 7,992,782 | 0 | 5,944,836 | 16,525,407 |
| 22 | Quanta Services | 2025 | Earl Austin | 1,406,250 | 11,050,345 | 0 | 2,710,350 | 15,699,684 |
| 23 | Illinois Tool Works Inc. | 2025 | Christopher A. O'Herlihy | 1,337,271 | 5,249,957 | 5,249,996 | 2,702,389 | 15,211,011 |
| 24 | International Paper Company | 2025 | Andrew Silvernail | 1,000,000 | 12,174,818 | 0 | 1,318,500 | 14,838,324 |
| 25 | NOV Inc. | 2025 | Clay Williams | 1,000,000 | 9,576,940 | 899,208 | 1,129,492 | 12,713,187 |
| 26 | Paccar Inc. | 2025 | R. Preston Feight | 1,690,385 | 4,900,500 | 2,174,485 | 1,326,521 | 12,618,865 |
| 27 | Devon Energy Corporation | 2025 | Clay Gaspar | 938,125 | 9,633,689 | 0 | 1,612,000 | 12,566,384 |
| 28 | Transocean Ltd. | 2025 | Keelan Adamson | 933,333 | 5,771,957 | 0 | 1,820,000 | 8,793,715 |
| 29 | Eaton Corporation plc | 2025 | Paulo Ruiz | 1,087,116 | 4,140,314 | 1,384,695 | 1,155,000 | 7,923,677 |
| 30 | Innovex International, Inc. | 2025 | Adam Anderson | 550,969 | 2,222,492 | 0 | 495,000 | 3,283,511 |
| — | Golar LNG Limited | — | — | — | — | — | — | not in coverage universe |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Baker Hughes | 113.5% | PSU 50 · RSU 50 | Yes — Relative TSR | Frederic W. Cook & Co., Inc. |
| 3M Company | 118.9% | PSU 50 · Options 50 | No | FW Cook |
| Caterpillar Inc. | 118% | PSU 50 · RSU 25 · Options 25 | Yes — relative Total Shareholder Return (rTSR) | Meridian Compensation Partners, LLC |
| ConocoPhillips | not disclosed | PSU 65 · RSU 35 | No | FW Cook |
| Cummins Inc. | 90% | PSU 70 · Cash LTI 30 | No | Farient |
| Danaher Corporation | not disclosed | Options 50 · RSU 50 | Yes — Relative TSR | FW Cook |
| Deere & Company | 160.8% | PSU 50 · RSU 25 · Options 25 | No | Semler Brossy Consulting Group, LLC (current); Pearl Meyer & Partners, LLC (prior year) |
| Devon Energy Corporation | 124% | PSU 60 · RSU 40 | Yes — Relative TSR | Meridian Compensation Partners, LLC |
| Eaton Corporation plc | 70% | PSU 50 · RSU 25 · Option 25 | Yes — Relative TSR | Meridian Compensation Partners |
| Emerson Electric Co. | 141.5% | PSU 55 · RSU 45 | No | Exequity |
| EOG Resources, Inc. | 125% | PSU 60 · RSU 40 | Yes — Relative TSR vs Performance Peer Group | Meridian Compensation Partners, LLC |
| GE Vernova | 200% | PSU 50 · RSU 30 · Options 20 | Yes — 3-year cumulative Total Shareholder Return (TSR) modifier | Pay Governance LLC |
| General Dynamics Corporation | 177.0% | PSU 50 · Options 30 · RSU 20 | Yes — rTSR (relative Total Shareholder Return) | Pay Governance, LLC |
| Golar LNG Limited | not disclosed | not disclosed | not disclosed | not disclosed |
| Halliburton Company | not disclosed | not disclosed | Yes — Total Shareholder Return (TSR) | not disclosed |
| Honeywell International Inc. | 126% | PSU 50 · Options 25 · RSU 25 | Yes — three-year total shareowner return (TSR) relative to the 2025 Compensation Peer Group | not disclosed |
| Illinois Tool Works Inc. | not disclosed | PSU 50 · Options 50 | No | Meridian Compensation Partners LLC |
| Innovex International, Inc. | not disclosed | not disclosed | not disclosed | Meridian Compensation Partners, LLC |
| International Paper Company | 87.9% | PSU 100 | Yes — Relative TSR | Frederic W. Cook |
| Johnson Controls International plc | 176.6% | PSU 50 · Option 25 · RSU 25 | Yes — TSR Relative to S&P 500 Industrials | Farient Advisors LLC |
| L3Harris Technologies, Inc. | 200% | PSU 50 · Options 25 · RSU 25 | Yes — Relative TSR | Frederic W. Cook & Co., Inc. |
| Northrop Grumman Corporation | 114% | PSU 70 · RSU 30 | Yes — Relative Total Shareholder Return (rTSR) | Frederic W. Cook & Co. |
| NOV Inc. | 87% | PSU 50 · RSU 40 · Options 10 | Yes — TSR (total shareholder return) goal | Meridian Compensation Partners |
| Occidental Petroleum Corporation | 125% | PSU 60 · RSU 40 | Yes — Total Shareholder Return (TSR) | Meridian Compensation Partners, LLC |
| Paccar Inc. | 62.7% | not disclosed | No | The Committee typically retains a compensation consultant to assess the competitiveness of the Company's compensation programs every two years. It did not employ a compensation consultant in 2025. |
| Parker-Hannifin Corporation | not disclosed | LTIP Awards 50 · Stock Appreciation Rights 50 | No | Mercer Consulting |
| Quanta Services | 126.8% | PSU 60 · RSU 40 | No | Frederick W. Cook & Co., Inc. |
| Schlumberger Limited | 84% | PSU 75 · RSU 25 | Yes — Total Shareholder Return (TSR) | Pay Governance |
| TechnipFMC plc | not disclosed | PSU 70 · RSU 30 | Yes — Relative TSR | Pearl Meyer & Partners, LLC |
| Textron Inc. | not disclosed | PSU 50 · Option 25 · RSU 25 | No | Pearl Meyer |
| Transocean Ltd. | not disclosed | PSU 50 · RSU 50 | No | Pay Governance LLC |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-19 | 806,679,306 | 62,794,771 | 2,804,374 | 92.78% | Passed |
| 2025 | 2025-05-20 | 811,713,298 | 62,006,455 | 2,817,468 | 92.9% | Passed |
| 2024 | 2024-05-13 | 822,360,176 | 41,410,692 | 1,962,098 | 95.21% | Passed |
| 2023 | 2023-05-16 | 791,646,352 | 108,566,680 | 1,666,962 | 87.94% | Passed |
| 2022 | 2022-05-17 | 817,669,088 | 51,323,899 | 547,915 | 94.09% | Passed |
| 2021 | 2021-05-14 | 821,002,853 | 107,090,513 | 337,293 | 88.46% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-05-19 | 92.78%a |
| 2025 | 2025-05-20 | 92.9%b |
| 2024 | 2024-05-13 | 95.21%c |
a. Approved under the standard stated in the filing — “Abstentions and broker non-votes have no effect on the approval of the advisory vote related to the Company's executive compensation program, the approval of the ratification of KPMG LLP as the Company's independent registered public accountant firm for the fiscal year 2026, the approval of the Baker Hughes Company 2026 Long-Term Incentive Plan, and the approval of the Second Amended and Restated Baker Hughes Company Employee Stock Purchase Plan.”.
b. Approved under the standard stated in the filing — “Abstentions and broker non-votes have no effect on the approval of the advisory vote related to the Company's executive compensation program and the approval of the ratification of KPMG LLP as the Company's independent registered public accountant firm for the fiscal year 2025.”.
c. Approved under the standard stated in the filing — “Abstentions and broker non-votes have no effect on the approval of the advisory vote related to the Company's executive compensation program and the approval of the ratification of KPMG, LLC as the Company's independent registered public accountant firm for the fiscal year 2024.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 310 : 1 |
|---|---|
| CEO total compensation | $21,363,825 |
| Median employee compensation | $68,720 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (79 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Lorenzo Simonelli. DEF 14A, filed 2026-03-30. Section “Summary Compensation Table” · page 56. As printed: 21,363,825. View filing ↗
- Section 01, Nancy Buese. DEF 14A, filed 2026-03-30. Section “Summary Compensation Table”. As printed: 6,078,445. View filing ↗
- Section 01, Maria Claudia Borras. DEF 14A, filed 2026-03-30. Section “Summary Compensation Table”. As printed: 6,008,613. View filing ↗
- Section 01, Ahmed Moghal. DEF 14A, filed 2026-03-30. Section “Summary Compensation Table”. As printed: 5,241,565. View filing ↗
- Section 01, Amerino Gatti. DEF 14A, filed 2026-03-30. Section “Summary Compensation Table”. As printed: 4,652,846. View filing ↗
- Section 01, Ganesh Ramaswamy. DEF 14A, filed 2026-03-30. Section “Summary Compensation Table”. As printed: 4,257,647. View filing ↗
- Section 01, Georgia Magno. DEF 14A, filed 2026-03-30. Section “Summary Compensation Table”. As printed: 3,359,741. View filing ↗
- Section 03, Ahmed Moghal PSU. DEF 14A, filed 2026-03-30. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Amerino Gatti RSU. DEF 14A, filed 2026-03-30. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Ahmed Moghal PSU. DEF 14A, filed 2026-03-30. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Ahmed Moghal RSU. DEF 14A, filed 2026-03-30. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Ahmed Moghal RSU. DEF 14A, filed 2026-03-30. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Lorenzo Simonelli RSU. DEF 14A, filed 2026-03-30. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Maria Claudia Borras PSU. DEF 14A, filed 2026-03-30. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Amerino Gatti PSU. DEF 14A, filed 2026-03-30. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Georgia Magno RSU. DEF 14A, filed 2026-03-30. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Ganesh Ramaswamy RSU. DEF 14A, filed 2026-03-30. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Ganesh Ramaswamy PSU. DEF 14A, filed 2026-03-30. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Maria Claudia Borras RSU. DEF 14A, filed 2026-03-30. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Nancy Buese PSU. DEF 14A, filed 2026-03-30. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Lorenzo Simonelli PSU. DEF 14A, filed 2026-03-30. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Georgia Magno PSU. DEF 14A, filed 2026-03-30. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Nancy Buese RSU. DEF 14A, filed 2026-03-30. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Nancy Buese RSU. DEF 14A, filed 2026-03-30. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Nancy Buese PSU. DEF 14A, filed 2026-03-30. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Nancy Buese PSU. DEF 14A, filed 2026-03-30. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-03-30. Section “CEO Pay Ratio”. As printed: 310 : 1. View filing ↗
- Section 08, W. Geoffrey Beattie. DEF 14A, filed 2026-03-30. Section “Director Compensation”. As printed: 417,233. View filing ↗
- Section 08, Gregory D. Brenneman. DEF 14A, filed 2026-03-30. Section “Director Compensation”. As printed: 411,586. View filing ↗
- Section 08, John G. Rice. DEF 14A, filed 2026-03-30. Section “Director Compensation”. As printed: 368,857. View filing ↗
- Section 08, Mohsen M. Sohi. DEF 14A, filed 2026-03-30. Section “Director Compensation”. As printed: 349,868. View filing ↗
- Section 08, Cynthia B. Carroll. DEF 14A, filed 2026-03-30. Section “Director Compensation”. As printed: 340,000. View filing ↗
- Section 08, Michael R. Dumais. DEF 14A, filed 2026-03-30. Section “Director Compensation”. As printed: 327,683. View filing ↗
- Section 08, Shirley A. Edwards. DEF 14A, filed 2026-03-30. Section “Director Compensation”. As printed: 322,500. View filing ↗
- Section 08, Abdulaziz M. Al Gudaimi. DEF 14A, filed 2026-03-30. Section “Director Compensation”. As printed: 321,533. View filing ↗
- Section 08, Lynn L. Elsenhans. DEF 14A, filed 2026-03-30. Section “Director Compensation”. As printed: 58,598. View filing ↗
- Section 08, Lorenzo Simonelli. DEF 14A, filed 2026-03-30. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Ilham Kadri. DEF 14A, filed 2026-03-30. Section “Director Compensation”. As printed: —. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-19. Item 5.07 · say-on-pay result. As reported: 92.78% (votes for as printed: 806,679,306). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-22. Item 5.07 · say-on-pay result. As reported: 92.9% (votes for as printed: 811,713,298). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-16. Item 5.07 · say-on-pay result. As reported: 95.21% (votes for as printed: 822,360,176). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 1,282,170 + equity 1,440,000 + all other 195,688 = 2,917,858, summed across the director compensation table rows.
- Deere & Company, Section 10b CEO total. DEF 14A, filed 2026-01-14. CEO total compensation as printed in Deere & Company's own proxy. As printed: 27,925,424. View filing ↗
- General Dynamics Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in General Dynamics Corporation's own proxy. As printed: 25,924,082. View filing ↗
- L3Harris Technologies, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in L3Harris Technologies, Inc.'s own proxy. As printed: 25,617,590. View filing ↗
- Northrop Grumman Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-03. CEO total compensation as printed in Northrop Grumman Corporation's own proxy. As printed: 25,357,443. View filing ↗
- Danaher Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in Danaher Corporation's own proxy. As printed: 23,795,280. View filing ↗
- ConocoPhillips, Section 10b CEO total. DEF 14A, filed 2026-03-30. CEO total compensation as printed in ConocoPhillips's own proxy. As printed: 23,450,085. View filing ↗
- Parker-Hannifin Corporation, Section 10b CEO total. DEF 14A, filed 2026-09-18. CEO total compensation as printed in Parker-Hannifin Corporation's own proxy. As printed: 22,761,169. View filing ↗
- Baker Hughes (subject), Section 10b CEO total. DEF 14A, filed 2026-03-30. CEO total compensation as printed in Baker Hughes's own proxy. As printed: 21,363,825. View filing ↗
- Emerson Electric Co., Section 10b CEO total. DEF 14A, filed 2025-12-12. CEO total compensation as printed in Emerson Electric Co.'s own proxy. As printed: 21,240,262. View filing ↗
- Textron Inc., Section 10b CEO total. DEF 14A, filed 2026-03-05. CEO total compensation as printed in Textron Inc.'s own proxy. As printed: 21,165,556. View filing ↗
- 3M Company, Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in 3M Company's own proxy. As printed: 21,005,009. View filing ↗
- Honeywell International Inc., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Honeywell International Inc.'s own proxy. As printed: 20,381,435. View filing ↗
- Johnson Controls International plc, Section 10b CEO total. DEF 14A, filed 2026-01-16. CEO total compensation as printed in Johnson Controls International plc's own proxy. As printed: 19,963,827. View filing ↗
- Cummins Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Cummins Inc.'s own proxy. As printed: 19,905,532. View filing ↗
- Occidental Petroleum Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in Occidental Petroleum Corporation's own proxy. As printed: 18,055,969. View filing ↗
- GE Vernova, Section 10b CEO total. DEF 14A, filed 2026-04-03. CEO total compensation as printed in GE Vernova's own proxy. As printed: 18,020,345. View filing ↗
- TechnipFMC plc, Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in TechnipFMC plc's own proxy. As printed: 17,816,188. View filing ↗
- EOG Resources, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in EOG Resources, Inc.'s own proxy. As printed: 17,576,636. View filing ↗
- Schlumberger Limited, Section 10b CEO total. DEF 14A, filed 2026-02-26. CEO total compensation as printed in Schlumberger Limited's own proxy. As printed: 17,347,291. View filing ↗
- Caterpillar Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Caterpillar Inc.'s own proxy. As printed: 17,008,077. View filing ↗
- Halliburton Company, Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Halliburton Company's own proxy. As printed: 16,525,407. View filing ↗
- Quanta Services, Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Quanta Services's own proxy. As printed: 15,699,684. View filing ↗
- Illinois Tool Works Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Illinois Tool Works Inc.'s own proxy. As printed: 15,211,011. View filing ↗
- International Paper Company, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in International Paper Company's own proxy. As printed: 14,838,324. View filing ↗
- NOV Inc., Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in NOV Inc.'s own proxy. As printed: 12,713,187. View filing ↗
- Paccar Inc., Section 10b CEO total. DEF 14A, filed 2026-03-18. CEO total compensation as printed in Paccar Inc.'s own proxy. As printed: 12,618,865. View filing ↗
- Devon Energy Corporation, Section 10b CEO total. DEF 14A, filed 2026-05-28. CEO total compensation as printed in Devon Energy Corporation's own proxy. As printed: 12,566,384. View filing ↗
- Transocean Ltd., Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Transocean Ltd.'s own proxy. As printed: 8,793,715. View filing ↗
- Eaton Corporation plc, Section 10b CEO total. DEF 14A, filed 2026-03-13. CEO total compensation as printed in Eaton Corporation plc's own proxy. As printed: 7,923,677. View filing ↗
- Innovex International, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Innovex International, Inc.'s own proxy. As printed: 3,283,511. View filing ↗
- Section 10a, GE Vernova reciprocity. DEF 14A. GE Vernova names Baker Hughes in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, NOV Inc. reciprocity. DEF 14A. NOV Inc. names Baker Hughes in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, TechnipFMC plc reciprocity. DEF 14A. TechnipFMC plc names Baker Hughes in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Halliburton Company reciprocity. DEF 14A. Halliburton Company names Baker Hughes in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Transocean Ltd. reciprocity. DEF 14A. Transocean Ltd. names Baker Hughes in its own disclosed peer group (read from its most recent proxy). View filing ↗