John J. Christmann IV
Also at APA Corp (US)
About
John J. Christmann IV has established a notable presence in the oil and gas industry, demonstrating a blend of deep industry expertise and strong leadership. His early career laid the foundation for a trajectory marked by progressive responsibility and operational excellence.
Since joining APA in 1997, he has steadily advanced through various management positions, developing comprehensive operational knowledge and strategic insight. His roles have spanned from managing production on the Gulf Coast to spearheading business development initiatives, culminating in his appointment as CEO.
In his executive tenure, he has been instrumental in refining APA’s strategic direction, navigating complex market dynamics, and driving value through mergers and acquisitions. His commitment to operational success and community involvement, underscored by his affiliation with the University of Texas MD Anderson Cancer Center, reflects a blend of professional dedication and personal responsibility.
$APA Performance Under John J. Christmann IV
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| APA Corporation | Executive Vice President and Chief Operating Officer, North America | N/A | Former role prior to becoming CEO |
| APA Corporation | Region Vice President, Permian Region | N/A | Former role prior to becoming CEO |
| APA Corporation | Vice President, Business Development | N/A | Former role prior to becoming CEO |
| APA Corporation | Production Manager, Gulf Coast Region | N/A | Former role prior to becoming CEO |
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $1,300,000 | Annual | Fixed annual base salary |
| Company Contributions to Retirement Plans | $43,500 | Annual | Defined contribution for retirement |
| Company Contributions to Non-Qualified Plans | $476,838 | Annual | Non-qualified plan contributions |
| Life Insurance Premiums | $14,733 | Annual | Premiums paid for life insurance |
| Use of Company Property | $34,897 | Annual | Compensation for use of company property |
| Enhanced Long-Term Disability; Annual Physicals | $36,331 | Annual | Includes enhanced LTD and annual physicals |
| Workplace Giving Program | $5,000 | Annual | Donation/charitable giving component |
Performance Compensation
Annual Incentive Award
| Metric | Value | Notes |
|---|---|---|
| Base Salary | $1,300,000 | Used as the multiplier in the incentive formula |
| Target Annual Incentive | $1,690,000 | 130% of base salary |
| Maximum Annual Incentive | $3,380,000 | 200% of the target incentive |
| Corporate Performance Result | 146% | Based on 80% quantitative metrics and 20% strategic goals |
| Individual Performance Result | 100% | Evaluated by the MD&C Committee |
| Actual Payout | $2,467,400 | Calculated by: Base Salary × Target % × Performance multipliers |
| Vesting | N/A | Cash-based incentive; no vesting applicable |
Long-Term Incentive Awards - Performance Shares
| Metric | Threshold (Shares) | Target (Shares) | Maximum (Shares) | Grant Date Fair Value |
|---|---|---|---|---|
| TSR | 7,217 | 48,114 | 96,227 | $2,990,260 |
| CROIC | 24,057 | 48,114 | 96,227 | $2,119,885 |
| Sustainability | 12,028 | 24,057 | 48,114 | $1,059,943 |
Total Grant Date Fair Value of Performance Shares: $6,170,088
Vesting Schedule:
- Vesting over a three-year performance period covering January 1, 2023 to December 31, 2025 .
- 50% of the adjusted shares vest upon certification of performance results.
- The remaining 50% vest on the first trading day on or after the anniversary of the first trading day following the performance period.
Evaluation & Conditions:
- Awards are contingent on achieving performance conditions tied to corporate metrics (TSR, CROIC, Sustainability) with potential payouts ranging from 0% to 200% of the target award.
- Performance metrics combine both quantitative and strategic factors to align executive pay with company performance.