APA adopts 2024 Performance Share Program with TSR, CROIC, and methane intensity metrics

APA Corp

Performance measures: relative TSR (40%), CROIC (40%), and reduction in global methane intensity (20%).
Performance period: three years from January 1, 2024 to December 31, 2026.
Vesting: 50% after performance period, 50% after one more year; full acceleration on death/disability/change of control.
CROIC is cash-based award; TSR and methane metrics determine RSUs; dividend equivalents accrue.
Subject to clawback policy; executives must accept terms including non-compete and non-disparagement.

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