APA Corp adopts 2023 Performance Share Program with ESG and TSR metrics

APA Corp

New program weights: Relative TSR 40%, Cash Return on Invested Capital 40%, GHG intensity reduction 10%, biodiversity reclamation 10%.
Performance period runs Jan 1, 2023 to Dec 31, 2025; vesting begins after period with 50% on first trading day, remainder one year later.
GHG metric measures three-year intensity reduction vs. baseline using country-specific calculation standards.
Biodiversity metric tracks reclamation activity that enhances biodiversity in the U.S. over the performance period.
Awards are cash-settled RSUs under the 2016 Omnibus Compensation Plan; include Dividend Equivalents and clawback provisions.

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