APA director awarded 1,535 deferred stock units

Bay Annell R reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Bay Annell R reported acquisition or exercise transactions in this Form 4 filing.

APA Corp director Bay Annell R received a grant of 1,535 restricted stock units under APA's 2016 Omnibus Compensation Plan. These units immediately vest and are automatically deferred into phantom stock units under the Outside Directors' Deferral Program. After this grant and related dividend-equivalent accruals, Annell holds a total of 103,725 phantom stock units tied to APA common stock.

Insider Trade Summary

Grant/Award: 1,535 shares

Grant/Award 1 txn

Insider Bay Annell R

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,535	$0.00	$0.00

Holdings After Transaction: Common Stock — 103,725 shares (Direct)

Footnotes (2)

1. 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").
2. F2. The total reported in Column 5 includes the 1,535 newly deferred phantom stock units, 101,536 phantom stock units previously reported, and 654 phantom stock units accrued under the ODDP attributable to dividends paid on APA common stock.

Key Figures

New RSU grant: 1,535 units Total phantom units after grant: 103,725 units Previously reported phantom units: 101,536 units +2 more

5 metrics

New RSU grant 1,535 units Restricted stock units granted to non-employee director

Total phantom units after grant 103,725 units Phantom stock units held after transaction

Previously reported phantom units 101,536 units Balance before new grant and dividend equivalents

Dividend-equivalent phantom units 654 units Units accrued from dividends under deferral program

Grant price per share $0.00 Compensation award, no cash paid by director

Key Terms

Restricted stock units, phantom stock units, 2016 Omnibus Compensation Plan, Outside Directors' Deferral Program

4 terms

Restricted stock units financial

"Restricted stock units granted to each of APA's non-employee directors"

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

"includes the 1,535 newly deferred phantom stock units, 101,536 phantom stock units previously reported"

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.

2016 Omnibus Compensation Plan financial

"Restricted stock units granted to each of APA's non-employee directors under the 2016 Omnibus Compensation Plan"

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) director Bay Annell R report?

Bay Annell R reported receiving 1,535 restricted stock units from APA Corp. The units immediately vest and convert into phantom stock units under APA’s Outside Directors’ Deferral Program, adding to existing deferred compensation tied to APA common stock.

How many APA phantom stock units does Bay Annell R hold after this Form 4?

After the transaction, Bay Annell R holds 103,725 phantom stock units. This total includes 1,535 newly deferred units, 101,536 units previously reported, and 654 units accrued as dividend equivalents under APA’s Outside Directors’ Deferral Program.

What type of award did APA (APA) grant to director Bay Annell R?

APA granted restricted stock units to Bay Annell R under its 2016 Omnibus Compensation Plan. These units vest immediately and are automatically deferred as phantom stock units, functioning as deferred compensation linked to APA common stock performance for a non-employee director.

Is the APA (APA) director’s Form 4 transaction an open-market stock purchase or sale?

The Form 4 reflects a grant of restricted stock units, not an open-market trade. The award is compensation-related, carries no cash price per share, and is automatically deferred into phantom stock units under APA’s Outside Directors’ Deferral Program.

How are dividends on APA common stock reflected in the director’s phantom units?

Dividend payments on APA common stock create additional phantom stock units under the deferral program. In this filing, 654 phantom stock units are attributed to dividends, increasing the director’s deferred balance alongside previously reported and newly granted units.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 07/01/2026 - 04:09 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bay Annell R

(Last) (First) (Middle)

2000 W SAM HOUSTON PARKWAY S

SUITE 200

(Street)

HOUSTON TEXAS 77042

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
APA Corp [ APA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/30/2026		A		1,535(1)	A	$0	103,725(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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").

2. The total reported in Column 5 includes the 1,535 newly deferred phantom stock units, 101,536 phantom stock units previously reported, and 654 phantom stock units accrued under the ODDP attributable to dividends paid on APA common stock.

Remarks:

	Kyle W. Funderburk, Attorney-in-Fact for Annell R. Bay	07/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)