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Baker Hughes Company Pension Plan
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Employee Stock Purchase Program (ESPP)
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Employee Stock Purchase Program (ESPP)

What is the Employee Stock Purchase Program?

The Employee Stock Purchase Program (ESPP) gives eligible employees the opportunity to purchase company shares at a 15% discount with no broker fees. 

When can I make an Employee Stock Purchase Program election?

You’ll have four opportunities each year, one per quarter, to enroll in the ESPP.

How do I make a contribution to the Employee Stock Purchase Program?

Contributions are deducted on an after-tax basis from each paycheck based on your election of up to $3,000 per quarter. Your contributions add up between the offering date and the purchase date. The purchase date for payroll contributions is the last day of March, June, September, and December on which trading in Baker Hughes common stock is conducted on the New York Stock Exchange. 

Where can I get more information about the Employee Stock Purchase Program?

More information is available in the 2024 Benefits Guide. You can find your 2025 Benefits Guide here.

Are there any requirements for holding company stock once I have purchased it through the Employee Stock Purchase Program?

No. There is no holding period.

What are the advantages of an Employee Stock Purchase Program compared to buying Baker Hughes stock on my own?

When you purchase stock through the ESPP, you get a 15% discount on any stock you purchase at the end of each quarter. 

How much can I contribute to the Employee Stock Purchase Program?

You can contribute up to $3,000 per quarter, for a total of $12,000 per year.