APA Corp Proxy: Executive Comp Focus

TL;DR

APA Corp proxy filing shows shareholder outreach on exec pay. #ProxySeason #ExecComp

AI Summary

APA Corp. filed a Definitive Additional Materials proxy statement on May 14, 2024, related to its upcoming shareholder meeting. The filing focuses on shareholder outreach regarding executive compensation for the Spring 2024 period. No specific dollar amounts or dates for the meeting were detailed in this particular filing excerpt.

Why It Matters

This filing indicates APA Corp is actively engaging with shareholders on executive compensation, a key factor influencing investor sentiment and corporate governance.

Risk Assessment

Risk Level: low — This filing is a routine proxy statement update and does not present immediate financial or operational risks.

Key Players & Entities

• APA Corp (company) — Registrant filing proxy statement
• 2000 W SAM HOUSTON PKWY S (location) — APA Corp business and mailing address
• HOUSTON (location) — APA Corp business and mailing city
• TX (location) — APA Corp business and mailing state
• 77046 (location) — APA Corp business and mailing zip code

FAQ

Key Financial Figures

• $14,000 — get Bonus Target Long Term Compensation $14,000 $11,440 LTI $12,000 $10,000 $3,380 RSU
• $11,440 — s Target Long Term Compensation $14,000 $11,440 LTI $12,000 $10,000 $3,380 RSU $8,000 P
• $12,000 — g Term Compensation $14,000 $11,440 LTI $12,000 $10,000 $3,380 RSU $8,000 PSU $6,000 $5
• $10,000 — ompensation $14,000 $11,440 LTI $12,000 $10,000 $3,380 RSU $8,000 PSU $6,000 $5,070 Tar
• $3,380 — ion $14,000 $11,440 LTI $12,000 $10,000 $3,380 RSU $8,000 PSU $6,000 $5,070 Target Bon
• $8,000 — $11,440 LTI $12,000 $10,000 $3,380 RSU $8,000 PSU $6,000 $5,070 Target Bonus $4,000 S
• $6,000 — I $12,000 $10,000 $3,380 RSU $8,000 PSU $6,000 $5,070 Target Bonus $4,000 Salary $2,00
• $5,070 — 00 $10,000 $3,380 RSU $8,000 PSU $6,000 $5,070 Target Bonus $4,000 Salary $2,000 $1,69
• $4,000 — U $8,000 PSU $6,000 $5,070 Target Bonus $4,000 Salary $2,000 $1,690 $1,300 $-Christman
• $2,000 — 6,000 $5,070 Target Bonus $4,000 Salary $2,000 $1,690 $1,300 $-Christmann Total target
• $1,690 — 5,070 Target Bonus $4,000 Salary $2,000 $1,690 $1,300 $-Christmann Total target direct
• $1,300 — arget Bonus $4,000 Salary $2,000 $1,690 $1,300 $-Christmann Total target direct compen
• $1,300,000 — d: 2022 2023 * NO CHANGE to base salary $1,300,000 $1,300,000 NO CHANGE to annual target b
• $1,690,000 — ANGE to annual target bonus opportunity $1,690,000 $1,690,000 NO CHANGE to LTI target awar
• $8,450,000 — CHANGE to LTI target award opportunity $8,450,000 $8,450,000 $11,440,000 $11,440,000 2023

Filing Documents

• d834186ddefa14a.htm (DEFA14A) — 27KB
• g834186dsp002.jpg (GRAPHIC) — 328KB
• g834186dsp003.jpg (GRAPHIC) — 334KB
• g834186dsp004.jpg (GRAPHIC) — 224KB
• g834186dsp005.jpg (GRAPHIC) — 292KB
• g834186dsp006.jpg (GRAPHIC) — 235KB
• g834186dsp007.jpg (GRAPHIC) — 228KB
• g834186dsp008.jpg (GRAPHIC) — 346KB
• g834186dsp009.jpg (GRAPHIC) — 193KB
• g834186dsp010.jpg (GRAPHIC) — 64KB
• 0001193125-24-137372.txt ( ) — 3104KB

From the Filing

DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under Rule 14a-12 APA CORPORATION (Name of registrant as specified in its charter) (Name of person(s) filing proxy statement, if other than the registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. Shareholder Outreach: Focus on Executive Compensation Spring 2024 Notice to Investors Certain statements in this presentation contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 including, without limitation, expectations, beliefs, plans, and objectives regarding anticipated financial and operating results, asset divestitures, estimated reserves, drilling locations, capital expenditures, price estimates, typical well results and well profiles, type curve, and production and operating expense guidance included in this presentation. Any matters that are not historical facts are forward looking and, accordingly, involve estimates, assumptions, risks, and uncertainties, including, without limitation, risks, uncertainties, and other factors discussed in our most recently filed Annual Report on Form 10-K, recently filed Quarterly Reports on Form 10-Q, recently filed Current Reports on Form 8-K available on our website, www.apacorp.com, and in our other public filings and press releases. These forward-looking statements are based on APA Corporations (APA) current expectations, estimates, and projections about the company, its industry, its managements beliefs, and certain assumptions made by management. No assurance can be given that such expectations, estimates, or projections will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results, or other expectations expressed in this presentation, including the companys ability to meet its production targets, successfully manage its capital expenditures and to complete, test, and produce the wells and prospects identified in this presentation, to successfully plan, secure necessary government approvals, finance, build, and operate the necessary infrastructure, and to achieve its production and budget expectations on its projects.Whenever possible, these forward-looking statements are identified by words such as anticipates, intends, plans, seeks, believes, continues, could, estimates, expects, goals, guidance, may, might, outlook, possible, potential, projects, prospects, should, would, will, and similar phrases, but the absence of these words does not mean that a statement is not forward-looking. Because such statements involve risks and uncertainties, the companys actual results and performance may differ materially from the results expressed or implied by such forward-looking statements. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Unless legally required, we assume no duty to update these statements as of any future date. However, you should review carefully reports and documents that the company files periodically with the Securities and Exchange Commission.Cautionary Note to Investors: The United States Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable, and possible reserves that meet the SECs definitions for such terms. We may use certain terms in this presentation, such as resource, resource potential, net resource potential, potential resource, resource base, identified resources, potential net recoverable, potential reserves, unbooked resources, economic resources, net resources, undeveloped resource, net risked resources, inventory, upside, and other similar terms that the SEC guidelines strictly prohibit us from including in filings with the SEC. Such terms do not take into account the certainty of resource recovery, which is contingent on exploration success, technical improvements in drilling access, commerciality, and other factors, and are therefore not indicative of expected future resource recovery and should not be relied upon. Investors are urged to consider carefully the disclosure in APA Corporations Annual Report on Form 10-K for the fiscal year ended December 31, 2023, available at ww

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View this DEFA14A filing on SEC EDGAR