Slide 1: Shareholder Outreach: Focus on Executive Compensation Spring 2024
Shareholder Outreach: Focus on Executive Compensation Spring 2024
Slide 2: Notice to Investors
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 regardin
Slide 3: Overview of APA
Overview of APA Who We Are • APA Corporation and its subsidiaries explore for, develop, and produce natural gas, crude oil, and natural gas liquids • Our vision is to be the premier exploration and production company, contributing to global progress by helping meet the world’s energy needs • Our mis
Slide 4: About Our 2023 Executive Compensation Program
About Our 2023 Executive Compensation Program Our executive compensation program and practices are underpinned by APA’s purpose – to meet the growing demand for energy in a cleaner and more sustainable way; vision – to contribute to human progress by responsibly helping meet the world’s oil and gas
Slide 5: 2023 CEO Target Compensation At-A-Glance
2023 CEO Target Compensation At-A-Glance Total target direct compensation is almost 90% at risk and directly linked to performance. 89.4% 2023 TARGET CEO COMPENSATION 10x 15% At-Risk CEO is required to CEO must hold at least hold 10x his base 15% of shares earned 11.4% 14.8% 73.9% salary in stock un
Slide 6: 2023 CEO Target Compensation: Competitive Positioning
2023 CEO Target Compensation: Competitive Positioning $14,000 $13,500 $13,000 $12,587 $12,000 $ 000) ( Direct $11,000 Total $10,806 Target $10,000 $9,000 $8,000 Christmann The CEO’s target compensation is below the median of APA’s compensation peer group. The MD&C Committee uses the following criter
Slide 7: Annual Incentives: Corporate Performance Targets
Annual Incentives: Corporate Performance Targets We conduct business in an industry that is driven by volatile commodity prices, which can significantly impact our operations and the corporate performance targets we set each year. • Targets based on our approved annual corporate plan and represents
Slide 8: 2023 CEO Reported Pay: Aligned Pay for Performance
2023 CEO Reported Pay: Aligned Pay for Performance CEO 2023 reported pay was aligned with the 38th percentile of our compensation peer group. 2023 Reported Pay Base Salary $1,300,000 Annual Incentive(1) $2,467,400 LTI(2) $9,384,742 All Other Compensation(3) $611,299 TOTAL: $13,763,441 (1) 146.0% of
Slide 9: Thank You
Thank You APA Corporation apacorp.com