secwatch.observer — SEC 8-K summary
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Issuer:     APA Corp (APA)
CIK:        0001841666
Form:       8-K
Filed at:   2024-01-12T23:59:59+00:00
Accession:  0001193125-24-007137
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841666/000119312524007137/0001193125-24-007137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841666/000119312524007137/d691143d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-007137

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