XPLR Infrastructure, LP

For the period ended May 6, 2026. Filed Mar 26, 2026.

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.

May 6, 2026 · Filed Mar 26, 2026

XIFR$7.32+0.1%Stored close · as of Nov 6, 2026

See the whole filing, with its images and exhibits

Contents

2025 long-term performance-based equity compensation

year for XPLR, as it was the first year that XPLR was managed by a chief executive officer and a chief financial officer whose duties were exclusively dedicated to managing the Company. The review board determined the annual incentive payouts to Mr. Liu and Ms. Geoffroy described below, which were reviewed and discussed with NEE’s management by the Board.

2025 annual incentive awards for the NEOs

Based on this assessment, Mr. Liu’s and Ms. Geoffroy’s 2025 annual incentive payouts were determined to be as follows.

· · NAMED EXECUTIVE OFFICER · · · · 2025 ANNUAL INCENTIVE TARGET (AS A % OF BASE SALARY) · · · · 2025 TARGET ANNUAL INCENTIVE ($) · · · · 2025 ANNUAL INCENTIVE AWARD ($) · ·
		Alan Liu						55%							357,500							550,000
		Jessica Geoffroy						40%							132,000							230,000

2025 long-term performance-based equity compensation

EQUITY COMPENSATION MIX

In determining the appropriate mix of equity compensation components, the following factors are primarily considered, among others:

The relative weighting of XPLR common units compared to NEE stock

The retention value of each element and other values important to the Company, including, for example, the tax and accounting consequences of each type of award

The perceived value to the NEO of each element

Our practice is to grant 100% of equity-based compensation in the form of performance-based stock and unit awards, with the majority of annual grants in the form of performance-based XPLR common units. The target award level for each equity-based element was expressed as a percentage of each NEO’s target total direct compensation opportunity. The target dollar value for each component was converted to a number of shares or units of equivalent value.

2025 MIX OF EQUITY COMPENSATION AWARDS FOR THE NEOS

For 2025, the following mix of equity-based compensation was granted to the NEOs:

· · NAMED EXECUTIVE OFFICER · · · · PERFORMANCE-BASED RESTRICTED XPLR COMMON UNITS(1) · · · · PERFORMANCE-BASED RESTRICTED NEE STOCK(1) · ·
		Alan Liu						51%							49%
		Jessica Geoffroy						51%							49%

(1)

Calculation of percentage mix based on the target value of each grant as a percentage of each NEO’s total equity-based compensation.

PAYOUT OF NEE PERFORMANCE SHARE AND PERFORMANCE DOLLAR AWARDS GRANTED IN 2023 FOR THE PERFORMANCE PERIOD ENDED DECEMBER 31, 2025

Prior to his appointment as President and CEO of XPLR, Mr. Liu was granted a target number of NEE performance shares in 2023 for a three-year performance period beginning January 1, 2023, and ending on December 31, 2025. Similarly, prior to her appointment as CFO of XPLR, Ms. Geoffroy was granted a target number of performance dollars in 2023 for a three-year performance period beginning January 1, 2023, and ending on December 31, 2025. Our Board views the payout of each of these awards after the end of the performance period as part of the 2023 compensation for each of Mr. Liu and Ms. Geoffroy and unrelated to their service to XPLR for 2025.

In March 2026, the payouts set forth below were made under the 2023-2025 performance share and performance dollar grants.

· · NAMED EXECUTIVE OFFICER · · · · TARGET PERFORMANCE SHARES / DOLLARS FOR PERFORMANCE PERIOD 1/1/23-12/31/25 · · · · PAYOUT FACTOR(2) · · · · PERFORMANCE SHARES /DOLLARS EARNED(2) · ·
		Alan Liu						5,489							1.69							9,276
		Jessica Geoffroy(1)						$90,000							1.60							$144,000

ContentsView on SEC.gov

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