Coterra CEO Thomas Jorden extends contract through 2026, base salary raised to $1.2M

Coterra Energy Inc.

Employment period extended to October 1, 2026; base salary increased to $1,200,000 effective January 1, 2024.
Target annual bonus raised to 140% of base salary (from 130%) starting in 2024.
Annual long-term incentive target set at $10,000,000 grant-date fair value for 2024 onward.
Upon termination without cause or for good reason, all outstanding equity awards accelerate and vest in full.
Removal from CEO/president/board roles before 2024 annual meeting requires 75% board approval (excluding Jorden).

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