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confidence medium
sentiment neutral
materiality 0.15
APA Corp approves 2025 executive LTI awards with TSR/CROIC metrics
APA Corp
- Committee approved new Performance Share Program (60% relative TSR, 40% CROIC) and Stock Option Award forms.
- Performance shares vest based on three-year TSR peer ranking and cash return on invested capital.
- Stock option agreement updates definition of Involuntary Termination and mirrors 2018 form.
- Awards made under 2016 Omnibus Compensation Plan; no changes to base salary or target percentages disclosed.