Amount−100 to 100%, default 60; the sign mirrors the shape
Position−10 to 10, Pennant
Container fillNone / TC1 / TC2 / Black / White / spot
Offset0–200 pt
Stroke0–20 pt with colour
Round corners0–100 pt
Margins L / R0–200 pt
Split10–90%, Bowtie, Applecore and Trapezoid, with Split on space if two words
Fixed width / heighton/off, 5–2000 pt
Still live text
Shape is applied as an Illustrator live effect, so the text stays editable. Change the word, the font, or any slider afterwards, and save the result as a Graphic Style to reuse it.