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Apa Corp Executive Compensation (FY25)

APA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
John Christmann IV
Median of the other named officers
$4,120,572
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 21, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 5, 2026Latest filing (8-K): May 26, 2026
10 filings cited on this page
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315 figures on this page: 309 cited to the filing that reported them, 6 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — John Christmann IV: $11,440,709 → $13,202,517 (15.4% higher)
Say-on-pay support: 83.8% → 86.0% (2.2 points higher)
CEO pay ratio: 66:1 → 56:1 (15.2% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Apa Corp's chief executive and what were they paid?
John Christmann IV, Chief Executive Officer, received $13,202,517 in total compensation for fiscal 2025. Christmann IV's total was 15.4% higher than the $11,440,709 reported for fiscal 2024.
What was Apa Corp's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 86.0% of votes cast for or against in favor at the meeting held May 21, 2026.
Which companies are in Apa Corp's peer group?
Companies named in the disclosed peer group include Antero Resources Corp., Civitas Resources Inc., Coterra Energy, Inc., Devon Energy Corp. and Diamondback Energy, Inc., among others.
What is Apa Corp's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 56:1, against median employee compensation of $237,527.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John Christmann IV
CEO and President
◇—◇—◇—◇◇
Stephen Riney
EVP and Chief Financial Officer
◇—◇—◇—◇◇
D. Clay Bretches
EVP, Operations
◇—◇—◇—◇◇
David Pursell
EVP, Development
◇—◇—◇—◇◇
P. Anthony Lannie
EVP and General Counsel
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John Christmann IV
Chief Executive Officer
◇—◇—◇—◇◇
Stephen Riney
President and Chief Financial Officer
◇—◇—◇—◇◇
D. Clay Bretches
Former EVP, Operations
◇—◇—◇—◇◇
David Pursell
EVP, Development
◇—◇—◇—◇◇
Tracey Henderson
EVP, Exploration
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John Christmann IV
Chief Executive Officer
◇—◇—◇—◇◇
Stephen Riney
President
◇—◇—◇—◇◇
P. Anthony Lannie
Former EVP and General Counsel
Departed during or after this year
◇—◇———◇◇
D. Clay Bretches
Former EVP, Operations
◇—◇—◇—◇◇
David Pursell
Former EVP, Development
Departed during or after this year
◇—◇———◇◇
Tracey Henderson
EVP, Exploration
◇—◇—◇—◇◇
Mark Maddox
EVP, Administration
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John Christmann IV
Chief Executive Officer
◇—◇◇◇—◇◇
Stephen Riney
President
◇◇◇◇◇—◇◇
Kimberly Warnica
EVP, Chief Legal Officer, and Corporate Secretary
◇◇◇◇◇—◇◇
D. Clay Bretches
Former EVP, Operations
Departed during or after this year
◇—◇◇——◇◇
Tracey Henderson
EVP, Exploration
◇—◇◇◇—◇◇
Ben Rodgers
EVP, Chief Financial Officer
◇◇◇◇◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Ben C. RodgersPSU◇◇◇—◇—◇
John J. Christmann IVPSU◇◇◇—◇—◇
Stephen J. RineyPSU◇◇◇—◇—◇
Tracey K. HendersonPSU◇◇◇—◇—◇
Fiscal 2022 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
John Christmann IVOption◇—◇01/09/2035
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Stephen RineyOption◇—◇01/09/2035
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Kimberly WarnicaOption◇—◇01/13/2035
PSU◇◇——
RSU◇◇——
Tracey HendersonOption◇—◇01/09/2035
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
D. Clay BretchesPSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇01/09/2035
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Ben RodgersOption◇—◇01/09/2035
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
H. Lamar McKay
Board chair
◇◇————◇
Kenneth M. Fisher
◇◇———◇◇
Juliet S. Ellis
◇◇———◇◇
Annell R. Bay
◇◇———◇◇
Chansoo Joung
◇◇————◇
Charles W. Hooper
◇◇————◇
Peter A. Ragauss
◇◇———◇◇
Anya Weaving
◇◇———◇◇
Matthew R. Bob
◇◇————◇
David L. Stover
◇◇————◇
John J. Christmann IV served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Antero Resources Corp. AR
  • Civitas Resources Inc. CIVI
  • Coterra Energy, Inc. CTRA
  • Devon Energy Corp. DVN
  • Diamondback Energy, Inc. FANG
  • EOG Resources, Inc. EOG
  • Expand Energy Corp. EXE
  • Hess Corp. HES
  • Marathon Oil Corp. MRO
  • Murphy Oil Corp. MUR
  • Occidental Petroleum Corp. OXY
  • Ovintiv Inc. OVV

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 21, 2026=◇◇◇
2024May 22, 2025=◇◇◇
2023May 23, 2024=◇◇◇
2022May 23, 2023=◇◇◇
2021May 13, 2022=◇◇◇
2020May 27, 2021=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- John Christmann IV (Chief Executive Officer), FY2025 total compensation $13,202,517 (base salary $1,300,000) [exec_comp, SEC accession 0001193125-26-149453, filed 2026-04-09]

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What this page does not include

Everything above is a fact Apa Corp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Apa Corp sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
315 figures on this page: 309 cited to the filing that reported them, 6 calculated from figures it prints.
309 cited to the filing
6 calculated from the filing

Documents cited

  1. 0001841666-26-000037
  2. 0001193125-26-149453
    Director Compensation · Grants of Plan-Based Awards · Summary Compensation Table
  3. 0001673379-25-000017
  4. 0001193125-25-077464
    Summary Compensation Table
  5. 0001193125-24-148728
  6. 0001193125-24-094013
    Summary Compensation Table
  7. 0001193125-23-154218
  8. 0001193125-23-097278
    Summary Compensation Table
  9. 0001193125-22-153808
  10. 0001193125-21-178177
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Velarion, “Apa Corp executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/APA (accessed 2026).
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Both reports for $900.
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10 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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Peers Apa Corp discloses

The companies named in APA's own disclosed peer group.

Antero Resources Corp.Civitas Resources Inc.Coterra Energy, Inc.Devon Energy Corp.Diamondback Energy, Inc.EOG Resources, Inc.Expand Energy Corp.Hess Corp.Marathon Oil Corp.Murphy Oil Corp.Occidental Petroleum Corp.Ovintiv Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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