EQT Corp

For the period ended Apr 17, 2024. Filed Mar 1, 2024.

About this filing

What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

Apr 17, 2024 · Filed Mar 1, 2024

EQT$49.40-2.4%Stored close · as of Nov 6, 2026

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Contents

Elements of 2023 Compensation Program

Determining Compensation

Elements of 2023 Compensation Program

The following highlights the key elements of our executive compensation program for 2023. Base salaries and annual and long-term incentive awards comprise total target direct compensation for our NEOs.

	Element	Form of Compensation for 2023	Description	Highlights for 2023 Program
FIXED	1 Base Salary	Cash	Provides base compensation for day-to-day performance of job responsibilities	■ Our CEO continued to accept a base salary of $1 for the entirety of 2023 and, during his tenure at EQT, has never taken a base salary of over $1 ■ Base salaries for other continuing NEOs reflect the Committee’s consideration of generally targeting the market median ■ Limited adjustments to NEOs’ base salaries in 2023
PERFORMANCE-BASED, VARIABLE	2 Annual Incentives	Cash	Rewards performance during the year based on the achievement of annual performance goals established by the Committee	2023 STIP pool funding was based upon specific, defined performance measures: ■ Free cash flow per share (30%) ■ Total capex spend per Mcfe (15%) ■ Adjusted gross G&A expense per Mcfe (10%) ■ Cash operating margin (10%) ■ Finding and development costs (10%) ■ EHS metrics (25%), which consisted of EHS intensity improvement (15%) and greenhouse gas intensity reduction (10%)
3 Long-Term Incentives	■ RSUs ■ PSUs	■ Encourages improvement in the long-term performance of the Company ■ Aligns the financial interests of our NEOs with those of our shareholders	■ 2023 LTIP awards for NEOs consisted of 60% PSUs and 40% RSUs ■ 2023 PSUs are tied to performance on a combination of absolute and relative total shareholder return performance over a three-year performance period ■ 2023 RSUs vest pro rata over a three-year period on each anniversary of the grant date
	4 Other Compensation	■ Employee benefit plans and programs that are generally available to all employees ■ Limited perquisites	Other compensation is generally consistent with that available to all employees	■ No personal use of Company-leased private aircraft ■ No Company-funded country club or similar dues ■ No car allowances or subsidized parking

	EQT CORPORATION 2024 PROXY STATEMENT \| 53

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.