Baker Hughes shareholders approve 2026 incentive plan and employee stock purchase plan
At its May 19, 2026 annual meeting, Baker Hughes stockholders approved the 2026 Long-Term Incentive Plan and the amended Employee Stock Purchase Plan, and elected all ten nominated directors to one-year terms. The LTIP reserves 9,500,000 new Class A common shares, and the ESPP increases its share reserve by 9,500,000 shares to 14,408,532 shares in total, which would add to potential share issuance for shareholders.
Key points
- 2026 LTIP reserves 9,500,000 new Class A common shares, plus unused shares from the 2021 plan as of March 16, 2026
- ESPP reserve increases by 9,500,000 shares to an aggregate 14,408,532 shares
- Advisory say-on-pay vote: 806,679,306 for and 62,794,771 against
- KPMG LLP ratified as independent auditor for fiscal 2026 with 907,322,622 votes for
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 19, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.