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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Pioneer Natural Resources Co | NYSE:PXD | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 269.62 | 0 | 11:53:10 |
Delaware
|
1-13245
|
75-2702753
|
(State or other jurisdiction of
incorporation)
|
(Commission
File Number)
|
(I.R.S. Employer
Identification No.)
|
|
|
|
5205 N. O’Connor Blvd., Suite 200, Irving, Texas
|
|
75039
|
(Address of principal executive offices)
|
|
(Zip Code)
|
|
|
|
(972) 444-9001
|
(Registrant’s telephone number, including area code)
|
Not applicable
|
(Former name or former address, if changed since last report)
|
o
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
o
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
o
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
o
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
NEO
|
2018 Base Salary
|
Scott D. Sheffield
|
N/A
1
|
Timothy L. Dove
|
$1,150,000
|
Richard P. Dealy
|
600,000
|
Mark S. Berg
|
475,000
|
Chris J. Cheatwood
|
475,000
|
NEO
|
Amount of 2017
Cash Bonus Award
|
Scott D. Sheffield
|
$1,608,750
|
Timothy L. Dove
|
1,462,500
|
Richard P. Dealy
|
727,500
|
Mark S. Berg
|
460,000
|
Chris J. Cheatwood
|
460,000
|
NEO
|
2018 Bonus Target
|
Scott D. Sheffield
|
N/A
|
Timothy L. Dove
|
130%
|
Richard P. Dealy
|
100%
|
Mark S. Berg
|
80%
|
Chris J. Cheatwood
|
80%
|
NEO
|
|
Number of Restricted Shares/RSUs Awarded
|
|
Target Number of Performance Units Awarded
|
Scott D. Sheffield
|
|
N/A
|
|
N/A
|
Timothy L. Dove
|
|
20,684
|
|
20,683
|
Richard P. Dealy
|
|
7,363
|
|
7,362
|
Mark S. Berg
|
|
5,915
|
|
5,914
|
Chris J. Cheatwood
|
|
5,915
|
|
5,914
|
•
|
Double Trigger for Equity Awards.
As noted above, commencing with their 2018 equity awards, the NEOs’ award agreements (as well as those of the other executive officers who are members of the Company’s Management Committee) provide for a double trigger; that is, the awards will not automatically accelerate upon a change in control, and will only vest prior to the scheduled vesting date if a qualifying termination event occurs.
|
•
|
2018 Annual Cash Bonus Incentive Program.
Consistent with past years, the 2018 Annual Cash Bonus Incentive Program provides for performance-based cash compensation based on performance goals established at the beginning of the year with pre-assigned weights. Shortly following the end of the year, when actual results are known, the Committee will evaluate the Company’s and the NEOs’ performance and determine the actual payout based on a formula that takes into account the Committee’s scoring of performance against the goals. For the 2018 Annual Cash Bonus Incentive Program, the Committee has approved the following changes:
|
◦
|
adding a new performance goal for return on capital employed,
|
◦
|
changing the production growth goal to production growth on a per share basis, and
|
◦
|
changing the proved reserve replacement goal to proved reserves growth on a per share basis.
|
(d)
|
Exhibits
|
|
PIONEER NATURAL RESOURCES COMPANY
|
|
|
|
|
|
|
|
|
|
|
|
By:
|
/s/ Margaret M. Montemayor
|
|
|
|
Margaret M. Montemayor,
|
|
|
|
Vice President and Chief
|
|
|
|
Accounting Officer
|
|
|
|
|
|
Dated: March 5, 2018
|
|
|
|
1 Year Pioneer Natural Resources Chart |
1 Month Pioneer Natural Resources Chart |
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