APA Corp director awarded 1,767 deferred stock units
McKay Lamar reported acquisition or exercise transactions in this Form 4 filing.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
McKay Lamar reported acquisition or exercise transactions in this Form 4 filing.
APA Corp director Lamar McKay received an equity-based compensation grant of 1,767 restricted stock units, which immediately vest and are automatically deferred into phantom stock units under APA’s Outside Directors’ Deferral Program. After this award and related dividend accruals, his deferred phantom stock unit balance is 53,058 units.
Insider Trade Summary
Grant/Award: 1,767 shares
Grant/Award
1 txn
Insider
McKay Lamar
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,767 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 53,058 shares (Direct)
Footnotes (2)
- F1. Restricted stock units granted to each of APA's non-employee directors under the 2016 Omnibus Compensation Plan, which immediately vest and are automatically deferred under the deferred compensation provisions of APA's Outside Directors' Deferral Program (the "ODDP").
- F2. The reporting person has reported prior awards of restricted stock units and automatic deferrals in the form of phantom stock units in Table II of Form 4. The total reported in Column 5 includes 1,767 newly deferred phantom stock units, 50,849 phantom stock units previously reported in Table II, and 442 phantom stock units accrued under the ODDP attributable to dividends paid on APA common stock.
Key Figures
RSUs granted: 1,767 units
Total phantom units after grant: 53,058 units
Previously reported phantom units: 50,849 units
+2 more
5 metrics
RSUs granted
1,767 units
Restricted stock units granted to non-employee director
Total phantom units after grant
53,058 units
Phantom stock units credited after this transaction
Previously reported phantom units
50,849 units
Phantom stock units from prior awards
Dividend-equivalent phantom units
442 units
Units accrued from dividends on APA common stock
Director’s total following transaction (Table I)
53,058 shares/units
Total reported in Column 5 for this security
Key Terms
restricted stock units, phantom stock units, Outside Directors' Deferral Program, 2016 Omnibus Compensation Plan
4 terms
restricted stock units financial
"Restricted stock units granted to each of APA's non-employee directors under the 2016 Omnibus Compensation Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
phantom stock units financial
"automatic deferrals in the form of phantom stock units in Table II of Form 4"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Outside Directors' Deferral Program financial
"automatically deferred under the deferred compensation provisions of APA's Outside Directors' Deferral Program"
2016 Omnibus Compensation Plan financial
"granted to each of APA's non-employee directors under the 2016 Omnibus Compensation Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did APA (APA) disclose for director Lamar McKay?
APA reported that director Lamar McKay acquired 1,767 restricted stock units as part of his director compensation. These units vested immediately and were deferred into phantom stock units under APA’s Outside Directors’ Deferral Program, increasing his deferred balance.
How many APA (APA) phantom stock units does Lamar McKay hold after this Form 4?
Following the grant, Lamar McKay holds 53,058 phantom stock units. This total includes 1,767 newly deferred units, 50,849 units from prior awards, and 442 units accrued as dividend equivalents on APA common stock under the deferral program.
Is the APA (APA) Form 4 transaction a market purchase or sale?
The Form 4 shows a grant/award acquisition, not a market trade. McKay received 1,767 restricted stock units at no purchase price as non-employee director compensation that immediately vested and were deferred into phantom stock units, so no open-market buy or sell occurred.
What plan governs Lamar McKay’s APA (APA) restricted stock unit award?
The award was granted under APA’s 2016 Omnibus Compensation Plan and is administered through the Outside Directors’ Deferral Program. Under these arrangements, the restricted stock units vest immediately and are automatically converted into deferred phantom stock units credited to McKay’s account.
How are APA (APA) dividend payments reflected in Lamar McKay’s phantom stock units?
The filing notes that 442 phantom stock units in McKay’s total are attributable to dividends paid on APA common stock. Instead of receiving cash, dividend equivalents are credited as additional phantom stock units under the Outside Directors’ Deferral Program.
AI-generated analysis. How Rhea-AI works. Not financial advice.
