Pioneer Natural (PXD) has released an update to notify the public and investors about its officers.
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Pioneer Natural Resources Company’s Compensation and Leadership Development Committee has awarded time-based restricted stock units (RSUs) to executives Neal H. Shah, Mark S. Berg, and J.D. Hall as part of their long-term incentive plan. These RSUs will vest over a three-year period contingent on continued employment. Additionally, there are provisions for accelerated vesting in the event of a change in control combined with a qualifying termination event, as well as favorable terms for vesting upon certain terminations without a change in control.
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For a comprehensive understanding of the announcement, you can read the full document here.