EQT (EQT) updates 2026 incentive bonuses tied to cash flow and safety

Rhea-AI Filing Summary

EQT Corporation adopted a new 2026 Short-Term Incentive Plan that sets the annual bonus framework for executive officers and selected employees. The plan is designed to keep cash compensation competitive and align pay with shareholder interests and the company’s strategic objectives.

Under the 2026 plan, participants can earn cash incentive awards based on performance against defined goals tied to free cash flow per share, capital expenditures, cash operating costs, environmental, health and safety intensity, and natural gas production. Awards are earned for services in calendar year 2026 and are generally paid in early 2027 after the Compensation Committee certifies results, with discretion to adjust payouts and the option to settle some or all awards in company stock under the existing long‑term incentive plan. In a change of control, performance is measured through the transaction date and paid on a pro‑rata, target basis, subject to committee discretion.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): February 4, 2026

EQT CORPORATION

(Exact name of registrant as specified in its charter)

Pennsylvania		001-3551		25-0464690
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification Number)

625 Liberty Avenue, Suite 1700, Pittsburgh, Pennsylvania 15222

(Address of principal executive offices, including zip code)

(412) 553-5700

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨       Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨       Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨       Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨       Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities Registered Pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, no par value		EQT		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 4, 2026, the Management Development and Compensation Committee (the “Compensation Committee”) of the Board of Directors of EQT Corporation (the “Company”) approved the EQT Corporation 2026 Short-Term Incentive Plan (the “2026 STIP”), to provide the terms of annual bonus opportunities to be granted to the Company’s executive officers and other participating employees. The purposes of the 2026 STIP are to maintain a competitive level of total cash compensation and to align the interests of the Company’s executives and other employees with those of the Company’s shareholders and with the strategic objectives of the Company.

The 2026 STIP provides the Company’s executive officers and other participating employees with an opportunity to earn cash incentive compensation based upon the achievement of performance goals over a specified performance period. All of the Company’s executive officers and certain other employees designated as eligible employees from time to time are eligible to participate in the 2026 STIP.

The terms of the 2026 STIP are substantially the same as the terms of the EQT Corporation 2025 Short-Term Incentive Plan (the “2025 STIP”). The performance measures on which awards under the 2026 STIP will be granted are substantially the same as the performance measures of the 2025 STIP, which include: (i) free cash flow per share; (ii) total capital expenditures; (iii) cash operating costs; (iv) environmental, health and safety intensity; and (v) natural gas production. Payment of incentive awards under the 2026 STIP is dependent upon achievement of defined goals for each performance metric; however, the Compensation Committee retains the discretion to increase, reduce or eliminate any incentive award that becomes payable under the 2026 STIP.

Awards under the 2026 STIP will be granted for services provided in calendar year 2026 and will be payable in 2027. Incentive awards under the 2026 STIP are paid in cash within two and one-half months following the end of calendar year 2026 and after the Compensation Committee has determined and certified the level of performance achieved and the incentive awards earned. The Compensation Committee may, in its discretion, determine to satisfy an obligation for all or any part of an incentive award by issuing shares of the Company’s common stock equal in value to the cash payment otherwise due. Such shares, if any, would be issued under the EQT Corporation 2020 Long-Term Incentive Plan (the “2020 LTIP”) or other source as determined by the Compensation Committee, in its discretion, or any successor plan.

In the event of a change of control of the Company, as defined under the 2020 LTIP or its successor plan, the period for which performance is measured will automatically end on the date of the change of control and the performance goals will be deemed to have been achieved for the pro-rata portion of the performance period that elapsed through the date of the change of control at target levels. In such event, incentive awards are paid to participants on a pro-rata basis within the time period specified above, subject to the Compensation Committee’s overall discretion.

The foregoing description of the 2026 STIP does not purport to be complete and is qualified in its entirety by reference to the form of EQT Corporation Short-Term Incentive Plan, which is filed as Exhibit 10.1 to the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on May 4, 2020 and is incorporated herein by reference.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	EQT CORPORATION
Date: February 9, 2026	By:	/s/ William E. Jordan
	Name:	William E. Jordan
	Title:	Chief Legal and Policy Officer

FAQ

What did EQT (EQT) announce in its latest Form 8-K filing?

EQT approved its 2026 Short-Term Incentive Plan for executive officers and certain employees. The plan defines annual bonus opportunities tied to specific performance goals for 2026, with payouts made in 2027 after the Compensation Committee certifies performance and applies any discretionary adjustments.

Who is eligible to participate in EQT’s 2026 Short-Term Incentive Plan?

All EQT executive officers and other employees designated as eligible may participate in the 2026 Short-Term Incentive Plan. Eligibility is determined by the Management Development and Compensation Committee, which can select additional participants from time to time based on the company’s compensation framework.

What performance metrics determine bonuses under EQT’s 2026 STIP?

Bonuses under the 2026 STIP are based on free cash flow per share, total capital expenditures, cash operating costs, environmental, health and safety intensity, and natural gas production. Each metric has defined goals, and incentive awards depend on the level of achievement against these targets during 2026.

When will EQT’s 2026 Short-Term Incentive Plan awards be paid?

Awards under the 2026 STIP are earned for services in calendar year 2026 and are paid in 2027. Payments are made within two and one-half months after year-end, following the Compensation Committee’s determination and certification of performance and resulting incentive award levels.

Can EQT pay 2026 STIP bonuses in stock instead of cash?

Yes. While the 2026 STIP provides for cash incentive payments, the Compensation Committee may choose to satisfy all or part of an award in EQT common stock. Any such shares would be issued under the 2020 Long-Term Incentive Plan or a successor equity plan, at the Committee’s discretion.

How does a change of control affect EQT’s 2026 STIP awards?

If a change of control occurs, the performance period ends on the transaction date and performance goals are deemed achieved at target levels for the elapsed portion. Participants receive pro-rata incentive awards, paid within the standard payment period, subject to the Compensation Committee’s discretionary authority.