secwatch.observer — SEC 8-K summary
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Issuer:     APA Corp (APA)
CIK:        0001841666
Form:       8-K
Filed at:   2023-01-06T23:59:59+00:00
Accession:  0001193125-23-003557
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841666/000119312523003557/0001193125-23-003557-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841666/000119312523003557/d447422d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-003557

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer