---
schema_version: "secwatch.filing_event.v1"
accession: "0000858470-23-000041"
form_type: "8-K"
ticker: "CTRA"
cik: "0000858470"
company_name: "Coterra Energy Inc."
filed_at: "2023-09-19T23:59:59+00:00"
generated_at: "2026-06-10T14:15:36.832350+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0000858470-23-000041
- form_type: 8-K
- ticker: CTRA
- cik: 0000858470
- company_name: Coterra Energy Inc.
- filed_at: 2023-09-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/858470/000085847023000041/0000858470-23-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/858470/000085847023000041/ctra-20230919.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000858470-23-000041
- JSON: https://secwatch.observer/filing/0000858470-23-000041.json
- Plain text: https://secwatch.observer/filing/0000858470-23-000041.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.