Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-28

Baker Hughes (BKR)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$21,363,825
Lorenzo Simonelli total, FY2025
77th
CEO pay percentile vs peers
310:1
CEO-to-median pay ratio
92.78%
Say-on-pay support, latest vote
Companies that benchmark against BKR
12 companies name BKR as a compensation peer

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.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Lorenzo Simonelli$1,710,000$0$13,310,819$0$3,557,706$911,327$1,873,973$21,363,825
Nancy Buese612,6374,221,92400001,243,8846,078,445
Former Executive Vice President and Chief Financial Officer
Georgia Magno669,2311,554,976821,926000313,6083,359,741
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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Lorenzo Simonelli$21,363,825$19,897,221+1,466,604
Nancy Buese6,078,445
Georgia Magno3,359,7412,917,089+442,652

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Ganesh RamaswamyRSU2025-01-3033,632$1,499,987
Ahmed MoghalPSU2025-01-309,47021,308453,329
Ahmed MoghalPSU2025-02-2424,14854,3331,175,283
Amerino GattiRSU2025-01-3028,0261,249,960
Ahmed MoghalRSU2025-01-309,470422,362
Ganesh RamaswamyPSU2025-01-3033,63275,6721,609,964
Nancy BueseRSU2025-01-3039,2371,749,970
Amerino GattiPSU2025-01-3028,02663,0591,341,605
Maria Claudia BorrasRSU2025-01-3033,6321,499,987
Maria Claudia BorrasPSU2025-01-3033,63275,6721,609,964
Georgia MagnoRSU2025-01-3016,816749,994
Lorenzo SimonelliRSU2025-01-30114,3495,099,965
Nancy BuesePSU2025-01-3039,23788,2831,878,275
Lorenzo SimonelliPSU2025-01-30171,524385,9298,210,854
Ahmed MoghalRSU2025-02-2424,1481,077,484
Georgia MagnoPSU2025-01-3016,81637,836804,982
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Ganesh Ramaswamy$1,499,987$1,609,964$051.8%
Ahmed Moghal1,499,8461,628,612052.1%
Amerino Gatti1,249,9601,341,605051.8%
Nancy Buese1,749,9701,878,275051.8%
Maria Claudia Borras1,499,9871,609,964051.8%
Georgia Magno749,994804,982051.8%
Lorenzo Simonelli5,099,9658,210,854061.7%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Georgia MagnoRSU16,816$765,801
Georgia MagnoPSU16,816765,801
Georgia MagnoRSU2,654120,863
Lorenzo SimonelliOption199,82235.55
Lorenzo SimonelliPSU171,5247,811,203
Georgia MagnoPSU10,665485,684
Nancy BuesePSU84,2253,835,607
Georgia MagnoPSU20,957954,382
Lorenzo SimonelliOption374,68735.7
Georgia MagnoOption3,55235.55
Lorenzo SimonelliPSU251,48411,452,581
Lorenzo SimonelliRSU114,3495,207,453
Lorenzo SimonelliRSU111,7715,090,051
Georgia MagnoOption10,04722.98
Georgia MagnoOption2,41736.89
Lorenzo SimonelliPSU459,82620,940,476
Nancy BuesePSU22,0721,005,159
Lorenzo SimonelliRSU50,8572,316,028
05

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)175%
CEO LTI target (% of salary)
Independent consultantFrederic W. Cook & Co., Inc. (FW Cook)
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-19806,679,30662,794,7712,804,37492.78%Passed
20252025-05-20811,713,29862,006,4552,817,46892.9%Passed
20242024-05-13822,360,17641,410,6921,962,09895.21%Passed
20232023-05-16791,646,352108,566,6801,666,96287.94%Passed
20222022-05-17817,669,08851,323,899547,91594.09%Passed
20212021-05-14821,002,853107,090,513337,29388.46%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 yearMeeting dateApproval — company's computation
20262026-05-1992.78%a
20252025-05-2092.9%b
20242024-05-1395.21%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.

07

CEO pay ratio

Ratio (CEO : median employee)310 : 1
CEO total compensation$21,363,825
Median employee compensation$68,720
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
W. Geoffrey BeattieIndependent · Finance · Audit$155,370$180,000$0$81,863$417,233
Gregory D. BrennemanIndependent · Finance (Chair)153,455180,000078,131411,586
John G. RiceIndependent · Lead Independent Director · Governance & Corporate Responsibility · Human Capital and Compensation171,317180,000017,540368,857
Mohsen M. SohiIndependent · Audit (Chair)151,714180,000018,154349,868
Cynthia B. CarrollIndependent · Human Capital and Compensation (Chair)160,000180,0000340,000
Michael R. DumaisIndependent · Governance & Corporate Responsibility (Chair)147,683180,0000327,683
Shirley A. EdwardsIndependent · Human Capital and Compensation142,500180,0000322,500
Abdulaziz M. Al GudaimiIndependent · Audit · Human Capital and Compensation141,533180,0000321,533
Lynn L. ElsenhansIndependent · Departed during FY58,598058,598
Ilham KadriIndependent · Newly elected00000
Lorenzo SimonelliEmployee director · Board Chair00000
09

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
Stock ownership guideline5x annual retainer ($625,000)
09b

Total cost of the board

ComponentFY2025
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.

10

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.

10a

Peer reciprocity

Of the companies Baker Hughes names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Baker Hughes.

10b

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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Deere & Company2025John May$1,694,507$13,950,239$4,255,133$5,450,551$27,925,424
2General Dynamics Corporation2025Phebe Novakovic1,737,50012,539,6345,220,4455,729,00025,924,082
3L3Harris Technologies, Inc.2025Christopher Kubasik1,550,00014,175,00006,200,00025,617,590
4Northrop Grumman Corporation2025Kathy Warden1,840,38516,750,23004,218,00025,357,443
5Danaher Corporation2025Rainer Blair1,400,0009,292,3708,386,6574,194,40023,795,280
6ConocoPhillips2025Ryan Lance1,800,00016,543,43404,590,00023,450,085
7Baker Hughes2025Lorenzo Simonelli1,710,00013,310,81903,557,70621,363,825
8Emerson Electric Co.2025Lal Karsanbhai1,537,50015,413,32503,728,52521,240,262
93M Company2025William Brown1,800,0007,753,8527,001,2423,745,32221,005,009
10Honeywell International Inc.2025Vimal Kapur1,600,00010,866,2693,623,9143,516,80020,381,435
11Johnson Controls International plc2025Joakim Weidemanis825,00012,849,0883,749,9932,357,24719,963,827
12Cummins Inc.2025Jennifer Rumsey1,533,7506,429,00406,975,65619,905,532
13Textron Inc.2024Scott Donnelly1,413,46111,586,8403,946,6831,641,00019,643,978
14Parker-Hannifin Corporation2025Jennifer Parmentier1,462,5006,313,2266,941,3153,356,41619,317,705
15Occidental Petroleum Corporation2025Vicki Hollub1,596,78112,298,20703,200,00018,055,969
16GE Vernova2025Scott Strazik1,469,1368,514,6782,191,8084,500,00018,020,345
17TechnipFMC plc2025Douglas Pferdehirt1,450,00012,361,64003,501,75017,816,188
18EOG Resources, Inc.2025Ezra Yacob1,434,61512,729,62802,718,80017,576,636
19Schlumberger Limited2025Olivier Le Peuch1,650,00012,374,95302,083,95017,347,291
20Caterpillar Inc.2025Joseph Creed1,381,8929,538,4843,101,1172,476,80017,008,077
21Halliburton Company2025Jeffrey Miller1,700,0007,992,78205,944,83616,525,407
22Quanta Services2025Earl Austin1,406,25011,050,34502,710,35015,699,684
23Illinois Tool Works Inc.2025Christopher A. O'Herlihy1,337,2715,249,9575,249,9962,702,38915,211,011
24International Paper Company2025Andrew Silvernail1,000,00012,174,81801,318,50014,838,324
25NOV Inc.2025Clay Williams1,000,0009,576,940899,2081,129,49212,713,187
26PACCAR Inc.2025R. Preston Feight1,690,3854,900,5002,174,4851,326,52112,618,865
27Devon Energy Corporation2025Clay Gaspar938,1259,633,68901,612,00012,566,384
28Eaton Corporation plc2025Paulo Ruiz1,087,1164,140,3141,384,6951,155,0007,923,677

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Baker Hughes113.5%PSU 60 · RSU 40Yes — Relative TSRFrederic W. Cook & Co., Inc. (FW Cook)
3M Company118.9%PSU 50 · Options 50NoFW Cook
Caterpillar Inc.118%PSU 50 · RSU 25 · Options 25Yes — relative Total Shareholder Return (rTSR)Meridian Compensation Partners, LLC
ConocoPhillipsnot disclosednot disclosednot disclosednot disclosed
Cummins Inc.90%PSU 70 · Cash LTI 30NoFarient
Danaher Corporationnot disclosedOptions 50 · RSU 50not disclosedFW Cook
Deere & Company160.8%PSU 50 · RSU 25 · Options 25NoSemler Brossy Consulting Group, LLC (current); Pearl Meyer & Partners, LLC (prior year)
Devon Energy Corporation124%PSU 60 · RSU 40Yes — Relative TSRMeridian Compensation Partners, LLC
Eaton Corporation plc70%PSU 50 · RSU 25 · Options 25Yes — Relative TSRMeridian Compensation Partners
Emerson Electric Co.141.5%PSU 55 · RSU 45Yes — relative total shareholder return modifier benchmark (rTSR)Exequity LLP
EOG Resources, Inc.125%PSU 60 · RSU 40Yes — Relative TSR vs Performance Peer GroupMeridian Compensation Partners, LLC
GE Vernova200%PSU 50 · RSU 30 · Options 20Yes — 3-year cumulative Total Shareholder Return (TSR) modifierPay Governance LLC
General Dynamics Corporation177.0%PSU 50 · Options 30 · RSU 20Yes — rTSR (relative Total Shareholder Return)Pay Governance, LLC
Halliburton Companynot disclosedPSU 50 · Cash LTI 50Yes — Total Shareholder Return (TSR)not disclosed
Honeywell International Inc.126%PSU 50 · Options 25 · RSU 25Yes — three-year total shareowner return (TSR) relative to the 2025 Compensation Peer Groupnot disclosed
Illinois Tool Works Inc.not disclosednot disclosednot disclosedMeridian Compensation Partners LLC
International Paper Company87.9%PSU 100Yes — Relative TSRFrederic W. Cook
Johnson Controls International plc176.6%PSU 50 · RSU 25 · Options 25Yes — TSR Relative to S&P 500 IndustrialsFarient Advisors LLC
L3Harris Technologies, Inc.200%PSU 50 · Options 25 · RSU 25Yes — Relative TSRFrederic W. Cook & Co., Inc.
Northrop Grumman Corporation114%PSU 70 · RSU 30Yes — Relative Total Shareholder Return (rTSR)Frederic W. Cook & Co.
NOV Inc.87%PSU 50 · RSU 40 · Options 10Yes — TSR (total shareholder return) goalMeridian Compensation Partners
Occidental Petroleum Corporation125%PSU 60 · RSU 40Yes — Total Shareholder Return (TSR)Meridian Compensation Partners, LLC
PACCAR Inc.62.7%not disclosedNoThe 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 Corporation139.09%PSU 50 · Options 50NoMercer Consulting (Marsh & McLennan Companies, Inc.)
Quanta Services126.8%PSU 70 · RSU 30NoFrederick W. Cook & Co., Inc. (FW Cook)
Schlumberger Limited84%PSU 75 · RSU 25Yes — Total Shareholder Return (TSR)Pay Governance
TechnipFMC plc161%PSU 70 · RSU 30Yes — Relative TSRPearl Meyer & Partners, LLC
Textron Inc.128.6%PSU 50 · RSU 25 · Options 25NoPearl Meyer

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.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Lorenzo SimonelliDEF 14A2026-03-300001193125-26-130309Section “Summary Compensation Table” · page 55. As printed: 21,363,825. Filing ↗machine: r4 · c31 · span 1166652–1166662
2Section 01, Nancy BueseDEF 14A2026-03-300001193125-26-130309Section “Summary Compensation Table” · page 55. As printed: 6,078,445. Filing ↗machine: r24 · c30 · span 1227364–1227373
3Section 01, Georgia MagnoDEF 14A2026-03-300001193125-26-130309Section “Summary Compensation Table” · page 55. As printed: 3,359,741. Filing ↗machine: r20 · c31 · span 1214949–1214958
4Section 03, Ganesh Ramaswamy RSUDEF 14A2026-03-300001193125-26-130309Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t250 · r35 · c26 · span 1439789–1439795
5Section 03, Ahmed Moghal PSUDEF 14A2026-03-300001193125-26-130309Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t250 · r10 · c26 · span 1348511–1348516
6Section 03, Ahmed Moghal PSUDEF 14A2026-03-300001193125-26-130309Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t250 · r12 · c26 · span 1357340–1357346
7Section 03, Amerino Gatti RSUDEF 14A2026-03-300001193125-26-130309Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t250 · r20 · c26 · span 1385321–1385327
8Section 03, Ahmed Moghal RSUDEF 14A2026-03-300001193125-26-130309Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t250 · r10 · c26 · span 1348511–1348516
9Section 03, Ganesh Ramaswamy PSUDEF 14A2026-03-300001193125-26-130309Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t250 · r35 · c26 · span 1439789–1439795
10Section 03, Nancy Buese RSUDEF 14A2026-03-300001193125-26-130309Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t250 · r28 · c26 · span 1413291–1413297
11Section 03, Amerino Gatti PSUDEF 14A2026-03-300001193125-26-130309Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t250 · r20 · c26 · span 1385321–1385327
12Section 03, Maria Claudia Borras RSUDEF 14A2026-03-300001193125-26-130309Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t250 · r16 · c26 · span 1371334–1371340
13Section 03, Maria Claudia Borras PSUDEF 14A2026-03-300001193125-26-130309Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t250 · r16 · c26 · span 1371334–1371340
14Section 03, Georgia Magno RSUDEF 14A2026-03-300001193125-26-130309Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t250 · r24 · c26 · span 1399308–1399314
15Section 03, Lorenzo Simonelli RSUDEF 14A2026-03-300001193125-26-130309Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t250 · r7 · c34 · span 1339572–1339579
16Section 03, Nancy Buese PSUDEF 14A2026-03-300001193125-26-130309Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t250 · r28 · c26 · span 1413291–1413297
17Section 03, Lorenzo Simonelli PSUDEF 14A2026-03-300001193125-26-130309Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t250 · r6 · c26 · span 1334522–1334529
18Section 03, Ahmed Moghal RSUDEF 14A2026-03-300001193125-26-130309Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t250 · r12 · c26 · span 1357340–1357346
19Section 03, Georgia Magno PSUDEF 14A2026-03-300001193125-26-130309Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t250 · r24 · c26 · span 1399308–1399314
20Section 07, pay ratioDEF 14A2026-03-300001193125-26-130309Section “CEO Pay Ratio”. As printed: 310 : 1. Filing ↗machine: span 1924728–1924736
21Section 08, W. Geoffrey BeattieDEF 14A2026-03-300001193125-26-130309Section “Director Compensation”. As printed: 417,233. Filing ↗machine: t133 · r8 · c15 · span 654005–654012
22Section 08, Gregory D. BrennemanDEF 14A2026-03-300001193125-26-130309Section “Director Compensation”. As printed: 411,586. Filing ↗machine: t133 · r10 · c15 · span 656825–656832
23Section 08, John G. RiceDEF 14A2026-03-300001193125-26-130309Section “Director Compensation”. As printed: 368,857. Filing ↗machine: t133 · r4 · c15 · span 648324–648331
24Section 08, Mohsen M. SohiDEF 14A2026-03-300001193125-26-130309Section “Director Compensation”. As printed: 349,868. Filing ↗machine: t133 · r20 · c15 · span 671158–671165
25Section 08, Cynthia B. CarrollDEF 14A2026-03-300001193125-26-130309Section “Director Compensation”. As printed: 340,000. Filing ↗machine: t133 · r12 · c15 · span 659682–659689
26Section 08, Michael R. DumaisDEF 14A2026-03-300001193125-26-130309Section “Director Compensation”. As printed: 327,683. Filing ↗machine: t133 · r14 · c15 · span 662538–662545
27Section 08, Shirley A. EdwardsDEF 14A2026-03-300001193125-26-130309Section “Director Compensation”. As printed: 322,500. Filing ↗machine: t133 · r16 · c15 · span 665395–665402
28Section 08, Abdulaziz M. Al GudaimiDEF 14A2026-03-300001193125-26-130309Section “Director Compensation”. As printed: 321,533. Filing ↗machine: t133 · r6 · c15 · span 651186–651193
29Section 08, Lynn L. ElsenhansDEF 14A2026-03-300001193125-26-130309Section “Director Compensation”. As printed: 58,598. Filing ↗machine: t133 · r18 · c3 · span 666599–666605
30Section 08, Ilham KadriDEF 14A2026-03-300001193125-26-130309Section “Director Compensation”. As printed: 0. Filing ↗
31Section 08, Lorenzo SimonelliDEF 14A2026-03-300001193125-26-130309Section “Director Compensation”. As printed: 0. Filing ↗
32Section 06, 2026 voteForm 8-K2026-05-190001193125-26-231070Item 5.07 · say-on-pay result. As reported: 92.78% (votes for as printed: 806,679,306). Filing ↗
33Section 06, 2025 voteForm 8-K2025-05-220001193125-25-125136Item 5.07 · say-on-pay result. As reported: 92.9% (votes for as printed: 811,713,298). Filing ↗
34Section 06, 2024 voteForm 8-K2024-05-160001193125-24-140585Item 5.07 · say-on-pay result. As reported: 95.21% (votes for as printed: 822,360,176). Filing ↗
35Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
36Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
37Section 09b board cost (computed)ComputedcomputedCash 1,282,170 + equity 1,440,000 + all other 195,688 = 2,917,858, summed across the director compensation table rows.machine: formula: Σ = 2,917,858
38Deere & Company, Section 10b CEO totalDEF 14A2026-01-140001104659-26-003618CEO total compensation as printed in Deere & Company's own proxy. As printed: 27,925,424. Filing ↗machine: t295 · r9 · c26 · span 5375554–5375564
39General Dynamics Corporation, Section 10b CEO totalDEF 14A2026-03-270001308179-26-000168CEO total compensation as printed in General Dynamics Corporation's own proxy. As printed: 25,924,082. Filing ↗machine: r1 · c16 · span 945926–945936
40L3Harris Technologies, Inc., Section 10b CEO totalDEF 14A2026-04-010001104659-26-038170CEO total compensation as printed in L3Harris Technologies, Inc.'s own proxy. As printed: 25,617,590. Filing ↗machine: t208 · r11 · c26 · span 2251107–2251117
41Northrop Grumman Corporation, Section 10b CEO totalDEF 14A2026-04-030001133421-26-000007CEO total compensation as printed in Northrop Grumman Corporation's own proxy. As printed: 25,357,443. Filing ↗machine: r2 · c24 · span 1115708–1115718
42Danaher Corporation, Section 10b CEO totalDEF 14A2026-03-250000313616-26-000101CEO total compensation as printed in Danaher Corporation's own proxy. As printed: 23,795,280. Filing ↗machine: t122 · r2 · c21 · span 1070180–1070190
43ConocoPhillips, Section 10b CEO totalDEF 14A2026-03-300001104659-26-036366CEO total compensation as printed in ConocoPhillips's own proxy. As printed: 23,450,085. Filing ↗machine: span 1829926–1829936
44Baker Hughes (subject), Section 10b CEO totalDEF 14A2026-03-300001193125-26-130309CEO total compensation as printed in Baker Hughes's own proxy. As printed: 21,363,825. Filing ↗machine: r4 · c31 · span 1166652–1166662
45Emerson Electric Co., Section 10b CEO totalDEF 14A2025-12-120000032604-25-000103CEO total compensation as printed in Emerson Electric Co.'s own proxy. As printed: 21,240,262. Filing ↗machine: r2 · c27 · span 849389–849399
463M Company, Section 10b CEO totalDEF 14A2026-03-250000066740-26-000151CEO total compensation as printed in 3M Company's own proxy. As printed: 21,005,009. Filing ↗machine: r2 · c9 · span 2797692–2797702
47Honeywell International Inc., Section 10b CEO totalDEF 14A2026-04-100000773840-26-000029CEO total compensation as printed in Honeywell International Inc.'s own proxy. As printed: 20,381,435. Filing ↗machine: span 2093429–2093439
48Johnson Controls International plc, Section 10b CEO totalDEF 14A2026-01-160001104659-26-004565CEO total compensation as printed in Johnson Controls International plc's own proxy. As printed: 19,963,827. Filing ↗machine: t61 · r2 · c48 · span 1373807–1373817
49Cummins Inc., Section 10b CEO totalDEF 14A2026-04-020001104659-26-039158CEO total compensation as printed in Cummins Inc.'s own proxy. As printed: 19,905,532. Filing ↗machine: t135 · r1 · c47 · span 1108458–1108468
50Textron Inc., Section 10b CEO totalDEF 14A2026-03-050001552781-26-000084CEO total compensation as printed in Textron Inc.'s own proxy. As printed: 19,643,978. Filing ↗machine: r7 · c18 · span 701332–701342
51Parker-Hannifin Corporation, Section 10b CEO totalDEF 14A2025-09-190001308179-25-000603CEO total compensation as printed in Parker-Hannifin Corporation's own proxy. As printed: 19,317,705. Filing ↗machine: r2 · c24 · span 1027257–1027267
52Occidental Petroleum Corporation, Section 10b CEO totalDEF 14A2026-03-190001628280-26-019816CEO total compensation as printed in Occidental Petroleum Corporation's own proxy. As printed: 18,055,969. Filing ↗machine: r2 · c17 · span 2031997–2032007
53GE Vernova, Section 10b CEO totalDEF 14A2026-04-030001996810-26-000049CEO total compensation as printed in GE Vernova's own proxy. As printed: 18,020,345. Filing ↗machine: r2 · c27 · span 990207–990217
54TechnipFMC plc, Section 10b CEO totalDEF 14A2026-03-190001628280-26-019819CEO total compensation as printed in TechnipFMC plc's own proxy. As printed: 17,816,188. Filing ↗machine: r4 · c21 · span 1175605–1175615
55EOG Resources, Inc., Section 10b CEO totalDEF 14A2026-03-270001104659-26-036125CEO total compensation as printed in EOG Resources, Inc.'s own proxy. As printed: 17,576,636. Filing ↗machine: t153 · r6 · c17 · span 1140550–1140560
56Schlumberger Limited, Section 10b CEO totalDEF 14A2026-02-260001308179-26-000024CEO total compensation as printed in Schlumberger Limited's own proxy. As printed: 17,347,291. Filing ↗machine: t235 · r1 · c14 · span 700975–700985
57Caterpillar Inc., Section 10b CEO totalDEF 14A2026-04-300001308179-26-000358CEO total compensation as printed in Caterpillar Inc.'s own proxy. As printed: 17,008,077. Filing ↗machine: span 855862–855872
58Halliburton Company, Section 10b CEO totalDEF 14A2026-03-310000045012-26-000033CEO total compensation as printed in Halliburton Company's own proxy. As printed: 16,525,407. Filing ↗machine: t159 · r2 · c18 · span 2610544–2610554
59Quanta Services, Section 10b CEO totalDEF 14A2026-04-100001193125-26-150293CEO total compensation as printed in Quanta Services's own proxy. As printed: 15,699,684. Filing ↗machine: t186 · r5 · c39 · span 987370–987380
60Illinois Tool Works Inc., Section 10b CEO totalDEF 14A2026-03-270001193125-26-127599CEO total compensation as printed in Illinois Tool Works Inc.'s own proxy. As printed: 15,211,011. Filing ↗machine: span 1647874–1647884
61International Paper Company, Section 10b CEO totalDEF 14A2026-03-270001628280-26-021729CEO total compensation as printed in International Paper Company's own proxy. As printed: 14,838,324. Filing ↗machine: r2 · c9 · span 2931849–2931859
62NOV Inc., Section 10b CEO totalDEF 14A2026-04-090001193125-26-148884CEO total compensation as printed in NOV Inc.'s own proxy. As printed: 12,713,187. Filing ↗machine: t130 · r2 · c35 · span 574372–574382
63PACCAR Inc., Section 10b CEO totalDEF 14A2026-03-180001193125-26-113876CEO total compensation as printed in PACCAR Inc.'s own proxy. As printed: 12,618,865. Filing ↗machine: r2 · c27 · span 838577–838587
64Devon Energy Corporation, Section 10b CEO totalDEF 14A2026-05-280001104659-26-067065CEO total compensation as printed in Devon Energy Corporation's own proxy. As printed: 12,566,384. Filing ↗machine: r1 · c22 · span 1488697–1488707
65Eaton Corporation plc, Section 10b CEO totalDEF 14A2026-03-130001193125-26-105117CEO total compensation as printed in Eaton Corporation plc's own proxy. As printed: 7,923,677. Filing ↗machine: r4 · c18 · span 2008245–2008255
66Section 10a, Johnson Controls International plc reciprocityDEF 14A0001104659-26-004565Johnson Controls International plc's most recent proxy was read; its disclosed peer group does not include Baker Hughes. Filing ↗
67Section 10a, ConocoPhillips reciprocityDEF 14A0001104659-26-036366ConocoPhillips's most recent proxy was read; its disclosed peer group does not include Baker Hughes. Filing ↗
68Section 10a, Cummins Inc. reciprocityDEF 14A0001104659-26-039158Cummins Inc.'s most recent proxy was read; its disclosed peer group does not include Baker Hughes. Filing ↗
69Section 10a, Deere & Company reciprocityDEF 14A0001104659-26-003618Deere & Company's most recent proxy was read; its disclosed peer group does not include Baker Hughes. Filing ↗
70Section 10a, Eaton Corporation plc reciprocityDEF 14A0001193125-26-105117Eaton Corporation plc's most recent proxy was read; its disclosed peer group does not include Baker Hughes. Filing ↗
71Section 10a, Emerson Electric Co. reciprocityDEF 14A0000032604-25-000103Emerson Electric Co.'s most recent proxy was read; its disclosed peer group does not include Baker Hughes. Filing ↗
72Section 10a, EOG Resources, Inc. reciprocityDEF 14A0001104659-26-036125EOG Resources, Inc.'s most recent proxy was read; its disclosed peer group does not include Baker Hughes. Filing ↗
73Section 10a, General Dynamics Corporation reciprocityDEF 14A0001308179-26-000168General Dynamics Corporation's most recent proxy was read; its disclosed peer group does not include Baker Hughes. Filing ↗
74Section 10a, Honeywell International Inc. reciprocityDEF 14A0000773840-26-000029Honeywell International Inc.'s most recent proxy was read; its disclosed peer group does not include Baker Hughes. Filing ↗
75Section 10a, International Paper Company reciprocityDEF 14A0001628280-26-021729International Paper Company's most recent proxy was read; its disclosed peer group does not include Baker Hughes. Filing ↗
76Section 10a, Occidental Petroleum Corporation reciprocityDEF 14A0001628280-26-019816Occidental Petroleum Corporation's most recent proxy was read; its disclosed peer group does not include Baker Hughes. Filing ↗
77Section 10a, PACCAR Inc. reciprocityDEF 14A0001193125-26-113876PACCAR Inc.'s most recent proxy was read; its disclosed peer group does not include Baker Hughes. Filing ↗
78Section 10a, Quanta Services reciprocityDEF 14A0001193125-25-078453Quanta Services's most recent proxy was read; its disclosed peer group does not include Baker Hughes. Filing ↗
79Section 10a, TechnipFMC plc reciprocityDEF 14A0001628280-26-019819TechnipFMC plc names Baker Hughes in its own disclosed peer group (read from its most recent proxy). Filing ↗
80Section 10a, Textron Inc. reciprocityDEF 14A0001552781-26-000084Textron Inc.'s most recent proxy was read; its disclosed peer group does not include Baker Hughes. Filing ↗
81Section 10a, Northrop Grumman Corporation reciprocityDEF 14A0001133421-26-000007Northrop Grumman Corporation's most recent proxy was read; its disclosed peer group does not include Baker Hughes. Filing ↗
82Section 10a, Schlumberger Limited reciprocityDEF 14A0001308179-26-000024Schlumberger Limited's most recent proxy was read; its disclosed peer group does not include Baker Hughes. Filing ↗
83Section 10a, GE Vernova reciprocityDEF 14A0001996810-26-000049GE Vernova names Baker Hughes in its own disclosed peer group (read from its most recent proxy). Filing ↗
84Section 10a, 3M Company reciprocityDEF 14A0000066740-26-0001513M Company's most recent proxy was read; its disclosed peer group does not include Baker Hughes. Filing ↗
85Section 10a, Caterpillar Inc. reciprocityDEF 14A0001308179-26-000358Caterpillar Inc.'s most recent proxy was read; its disclosed peer group does not include Baker Hughes. Filing ↗
86Section 10a, Danaher Corporation reciprocityDEF 14A0000313616-26-000101Danaher Corporation's most recent proxy was read; its disclosed peer group does not include Baker Hughes. Filing ↗
87Section 10a, Devon Energy Corporation reciprocityDEF 14A0001104659-26-067065Devon Energy Corporation's most recent proxy was read; its disclosed peer group does not include Baker Hughes. Filing ↗
88Section 10a, Halliburton Company reciprocityDEF 14A0000045012-26-000033Halliburton Company names Baker Hughes in its own disclosed peer group (read from its most recent proxy). Filing ↗
89Section 10a, Illinois Tool Works Inc. reciprocityDEF 14A0001193125-26-127599Illinois Tool Works Inc.'s most recent proxy was read; its disclosed peer group does not include Baker Hughes. Filing ↗
90Section 10a, Parker-Hannifin Corporation reciprocityDEF 14A0001308179-25-000603Parker-Hannifin Corporation's most recent proxy was read; its disclosed peer group does not include Baker Hughes. Filing ↗
91Section 10a, NOV Inc. reciprocityDEF 14A0001193125-26-148884NOV Inc. names Baker Hughes in its own disclosed peer group (read from its most recent proxy). Filing ↗