APA Corp (APA) grants director 1,535 deferred phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bay Annell R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,535 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 103,725 shares (Direct)
Footnotes (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"). 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
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.