APA Corp director receives 1,178 deferred stock units
Fisher Kenneth M. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Fisher Kenneth M. reported acquisition or exercise transactions in this Form 4 filing.
APA Corp director Kenneth M. Fisher received a grant of 1,178 restricted stock units tied to APA common stock as director compensation. These units vest immediately and are automatically deferred as phantom stock under APA's Outside Directors' Deferral Program.
After this award and prior deferrals, Fisher now holds 12,362 phantom stock units, including 11,088 units from earlier awards and 96 units accrued from dividends on APA common stock. This is a routine, non-cash equity compensation grant rather than an open-market share purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,178 shares
Grant/Award
1 txn
Insider
Fisher Kenneth M.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,178 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 12,362 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 1,178 newly deferred phantom stock units, 11,088 phantom stock units previously reported in Table II, and 96 phantom stock units accrued under the ODDP attributable to dividends paid on APA common stock.
Key Figures
New RSU grant: 1,178 units
Total phantom units after grant: 12,362 units
Previously reported phantom units: 11,088 units
+1 more
4 metrics
New RSU grant
1,178 units
Restricted stock units granted to non-employee director
Total phantom units after grant
12,362 units
Phantom stock units held by Kenneth M. Fisher after transaction
Previously reported phantom units
11,088 units
Phantom stock units from prior awards reported earlier
Dividend-related phantom units
96 units
Units accrued under deferral program from dividends on APA common stock
Key Terms
restricted stock units, phantom stock units, deferred compensation, Outside Directors' Deferral Program
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.
deferred compensation financial
"automatically deferred under the deferred compensation provisions of APA's Outside Directors' Deferral Program"
Deferred compensation is pay that employees or executives have earned now but will receive at a later date, such as delayed bonuses, retirement benefits, or stock grants. It matters to investors because it creates future obligations and shapes incentives—like a promise to pay later that can affect a company’s reported profits, cash needs and potential stock dilution—so it helps signal how a business manages costs and retains key people.
Outside Directors' Deferral Program financial
"automatically deferred under the deferred compensation provisions of APA's Outside Directors' Deferral Program"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did APA (APA) report for Kenneth M. Fisher?
APA reported that director Kenneth M. Fisher received 1,178 restricted stock units as compensation. These units vest immediately and are automatically deferred as phantom stock under APA's Outside Directors' Deferral Program, rather than being purchased on the open market.
How many APA phantom stock units were granted to the director in this Form 4?
The Form 4 shows an award of 1,178 restricted stock units, deferred as phantom stock units. This grant is part of APA’s compensation for non-employee directors under its 2016 Omnibus Compensation Plan and the Outside Directors' Deferral Program.
What is APA’s Outside Directors' Deferral Program mentioned in the filing?
The Outside Directors' Deferral Program automatically defers non-employee directors’ restricted stock unit awards into phantom stock units. These units track APA common stock and can also accrue additional units attributable to dividends paid on APA common shares.
How many phantom stock units does Kenneth M. Fisher hold after this APA award?
After this award, Fisher is reported as holding 12,362 phantom stock units. This includes 1,178 newly deferred units, 11,088 units from prior awards, and 96 additional units accrued under the deferral program from dividends on APA common stock.
Is the APA director’s Form 4 transaction an open-market stock purchase?
No, the transaction is recorded as a grant of restricted stock units, not an open-market purchase. The units vest immediately and are automatically deferred as phantom stock under APA’s Outside Directors' Deferral Program for non-employee directors.
AI-generated analysis. How Rhea-AI works. Not financial advice.
