UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
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Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
2022 Annual Cash Bonus Program Incentive Payout.
On February 24, 2023, the Compensation and Leadership Development Committee (the “Committee”) of the Board of Directors of Pioneer Natural Resources Company (the “Company”) approved the payout of annual bonuses for the year ended December 31, 2022 for Scott D. Sheffield, the Company’s Chief Executive Officer, and the Company’s other “named executive officers” (the executive officers of the Company for whom disclosure was required in the Company’s proxy statement for its 2022 Annual Meeting of Stockholders, referred to in this report as “NEOs”) pursuant to the Pioneer Natural Resources Company 2022 Annual Cash Bonus Incentive Program. Based on the Committee’s assessment of 2022 performance, the payouts for each NEO are as follows:
| NEO |
Amount of 2022 Cash Bonus Award |
|||
| Scott D. Sheffield |
$ | 2,713,860 | ||
| Richard P. Dealy |
$ | 1,008,560 | ||
| Neal H. Shah |
$ | 635,830 | ||
| Mark S. Berg |
$ | 596,720 | ||
| J.D. Hall |
$ | 596,720 | ||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PIONEER NATURAL RESOURCES COMPANY | ||
| By: | /s/ Christopher L. Washburn | |
| Christopher L. Washburn | ||
| Vice President and Chief Accounting Officer | ||
| Date: | March 2, 2023 | |
Document and Entity Information |
Feb. 24, 2023 |
|---|---|
| Cover [Abstract] | |
| Entity Registrant Name | PIONEER NATURAL RESOURCES CO |
| Amendment Flag | false |
| Entity Central Index Key | 0001038357 |
| Document Type | 8-K |
| Document Period End Date | Feb. 24, 2023 |
| Entity Incorporation State Country Code | DE |
| Entity File Number | 1-13245 |
| Entity Tax Identification Number | 75-2702753 |
| Entity Address, Address Line One | 777 Hidden Ridge |
| Entity Address, City or Town | Irving |
| Entity Address, State or Province | TX |
| Entity Address, Postal Zip Code | 75038 |
| City Area Code | (972) |
| Local Phone Number | 444-9001 |
| Security 12b Title | Common Stock, par value $.01 per share |
| Trading Symbol | PXD |
| Security Exchange Name | NYSE |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Entity Emerging Growth Company | false |