Pioneer Natural Grants Executives Long-term Incentive RSUs

Pioneer Natural (PXD) has released an update to notify the public and investors about its officers.

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.