Baker Hughes Stockholders Approve LTIP & ESPP with 19M New Shares

Baker Hughes Company stockholders approved the 2026 Long-Term Incentive Plan (LTIP) and the Second Amended and Restated Employee Stock Purchase Plan (ESPP) at its Annual Meeting on May 19, 2026. The LTIP reserves 9,500,000 new shares, while the ESPP increases available shares by 9,500,000, bringing the total to 14,408,532 shares. These plans aim to attract and retain employees and directors through stock-based and cash-based incentive compensation. Additionally, all ten nominated directors were elected, the executive compensation program was approved on an advisory basis, and KPMG LLP was ratified as the independent auditor for fiscal year 2026.