---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-035969"
form_type: "8-K"
ticker: null
cik: "0001038357"
company_name: "PIONEER NATURAL RESOURCES CO"
filed_at: "2023-02-13T23:59:59+00:00"
generated_at: "2026-06-19T15:23:57.651448+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Pioneer sets 2023 base salaries, bonus targets, equity grants for NEOs; updates bylaws

## Summary
- CEO Scott Sheffield base salary set at $1.5M; other NEOs at $560K-$768K.
- 2023 bonus targets: CEO 160% of base, other NEOs 85%-100%.
- Long-term incentive: CEO awarded 32,542 performance units and 21,695 RSUs; other NEOs proportionally.
- Committee amended change-in-control agreements with double-trigger vesting and enhanced separation benefits (2.99x salary+bonus).
- Board amended bylaws to update stockholder meeting procedures and adopt universal proxy rules.

## SEC filing metadata
- accession: 0001193125-23-035969
- form_type: 8-K
- cik: 0001038357
- company_name: PIONEER NATURAL RESOURCES CO
- filed_at: 2023-02-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1038357/000119312523035969/0001193125-23-035969-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1038357/000119312523035969/d447467d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-035969
- JSON: https://secwatch.observer/filing/0001193125-23-035969.json
- Plain text: https://secwatch.observer/filing/0001193125-23-035969.txt

## Key facts
- Governance Changes
  PIONEER NATURAL RESOURCES CO: Amendment and restatement of the bylaws to update procedures for stockholder meetings, director nominations, notice, and other clarifying changes, effective February 9, 2023 (effective 2023-02-09).
  - Change: bylaw amendment
  - Effective: 2023-02-09
  source text: On February 9, 2023, the Board approved the amendment and restatement of the bylaws of the Company (the “Bylaws”), effective as of such date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1038357/000119312523035969/0001193125-23-035969-index.htm

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