APA (APA) non-employee director receives 1,535 RSUs deferred into phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ragauss Peter A reported acquisition or exercise transactions in this Form 4 filing.
APA Corp director Peter A. Ragauss received an equity-based award of 1,535 restricted stock units. These units were granted under APA’s 2016 Omnibus Compensation Plan to non-employee directors, immediately vest, and are automatically deferred into phantom stock units under the Outside Directors' Deferral Program. Following this grant and related dividend accruals, his deferred phantom stock balance reported is 101,859 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ragauss Peter A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,535 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 101,859 shares (Direct, null)
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 1,535 newly deferred phantom stock units, 99,682 phantom stock units previously reported, and 642 phantom stock units accrued under the ODDP attributable to dividends paid on APA common stock.
Key Figures
RSUs granted: 1,535 units
Grant price: $0.0000 per share
Total phantom units after grant: 101,859 units
+3 more
6 metrics
RSUs granted
1,535 units
Restricted stock units granted to non-employee director
Grant price
$0.0000 per share
Director compensation grant, not a market purchase
Total phantom units after grant
101,859 units
Deferred phantom stock units balance after transaction
Previously reported phantom units
99,682 units
Phantom stock units before new grant and dividend accruals
Dividend-accrued phantom units
642 units
Units accrued under ODDP from APA common stock dividends
Newly deferred phantom units
1,535 units
RSU grant immediately deferred under ODDP
Key Terms
Restricted stock units, phantom stock units, 2016 Omnibus Compensation Plan, Outside Directors' Deferral Program, +1 more
5 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
"includes 1,535 newly deferred phantom stock units, 99,682 phantom stock units previously reported, and 642 phantom stock units accrued"
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 (the "ODDP")"
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.
FAQ
What did APA (APA) director Peter A. Ragauss report in this Form 4?
Peter A. Ragauss reported receiving an award of 1,535 restricted stock units. These immediately vested units were converted into deferred phantom stock units under APA’s Outside Directors' Deferral Program as part of his non-employee director compensation.
Was the APA (APA) Form 4 transaction a market purchase or sale?
The Form 4 shows a grant, not a market trade. The 1,535 units were granted as director compensation at no cash cost, then deferred as phantom stock units, rather than being bought or sold on the open market.
How many phantom stock units does Peter A. Ragauss hold after this APA (APA) grant?
After the reported grant, he holds 101,859 phantom stock units. This total includes 1,535 newly deferred units, 99,682 units previously reported, and 642 additional units accrued from dividends on APA common stock.
What plan governs the new APA (APA) restricted stock unit grant to Peter A. Ragauss?
The 1,535 restricted stock units were granted under APA’s 2016 Omnibus Compensation Plan. As a non-employee director, these awards are immediately vested and automatically deferred into phantom stock units under the Outside Directors' Deferral Program.
What does the APA (APA) Outside Directors' Deferral Program do?
The Outside Directors' Deferral Program converts vested director equity awards into phantom stock units. These phantom units track APA common stock and can accrue additional units from dividends, allowing directors like Peter A. Ragauss to defer receipt of compensation.