APA Corp (NYSE: APA) EVP Maddox vests RSUs, sells shares, holdings

Rhea-AI Filing Summary

APA Corp Executive VP - Administration Mark D. Maddox reported multiple equity transactions on 01/08/2026 tied to restricted stock unit vesting. He converted 3,212 restricted stock units and later 4,818 restricted stock units into common stock at an exercise price of $0 per unit, reflecting stock-based compensation. The filing notes that each restricted stock unit is economically equivalent to one APA common share and can only be settled in cash, with one share of common stock for each unit under the plan.

Following these conversions, Maddox disposed of 3,212 common shares at $25.37 and had 1,896 shares withheld at $25.37 to cover required tax withholding on the vesting. After the reported transactions, he directly held 72,876.471 APA common shares and indirectly held 4,843.625 shares through a trustee of a nonqualified plan, showing his updated ownership position.

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

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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^*

Maddox Mark D

(Last) (First) (Middle)

2000 W SAM HOUSTON PARKWAY S

SUITE 200

(Street)

HOUSTON TX 77042

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive VP - Administration

3. Date of Earliest Transaction (Month/Day/Year)
01/08/2026

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

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

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

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	01/08/2026		M		3,212	A	$0(1)	73,166.471	D
Common Stock	01/08/2026		D(1)		3,212	D	$25.37	69,954.471	D
Common Stock	01/08/2026		M(2)		4,818	A	$0	74,772.471	D
Common Stock	01/08/2026		F(3)		1,896	D	$25.37	72,876.471	D
Common Stock								4,843.625	I	Held by Trustee of NQ Plan

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
Restricted Stock / Units(4)	$0(1)	01/08/2026		M			3,212	(5)	(5)	Common Stock	3,212	$0(1)	49,643	D
Restricted Stock / Units(4)	$0(6)	01/08/2026		M			4,818	(2)	(2)	Common Stock	4,818	$0	44,825	D

Explanation of Responses:

1. Each restricted stock unit is the economic equivalent of one share of the Issuer's common stock and can only be settled in cash.

2. Vesting on 01/08/2026 of restricted stock units under the employer plan. Vesting occurs ratably over three years.

3. Shares withheld to cover required tax withholding on vesting of restricted stock.

4. With tandem tax withholding right.

5. Vesting on 01/08/2026 of cash-based restricted stock units under employer plan. Vesting occurs ratably over three years.

6. One share of APA common stock for each restricted stock unit.

Remarks:

	Kyle W. Funderburk, Attorney-in-Fact for Mark D. Maddox	01/12/2026
	** 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.
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FAQ

Who is the insider involved in this APA (APA) Form 4 filing?

The filing reports transactions by Mark D. Maddox, who serves as Executive VP - Administration of APA Corp.

What equity awards vested for APA Executive VP Mark D. Maddox on 01/08/2026?

On 01/08/2026, 3,212 restricted stock units and 4,818 additional restricted stock units vested and were converted into APA common stock at an exercise price of $0 per unit under the employer plan.

How many APA shares did Mark D. Maddox sell or have withheld in this Form 4?

Maddox disposed of 3,212 APA common shares at $25.37 per share and had 1,896 shares withheld at $25.37 to cover required tax withholding related to the vesting of restricted stock.

What are Mark D. Maddox’s APA share holdings after the reported transactions?

After the transactions on 01/08/2026, Maddox directly held 72,876.471 APA common shares and indirectly held 4,843.625 shares through a trustee of a nonqualified plan.

How are the APA restricted stock units described in this Form 4?

The filing states that each restricted stock unit is the economic equivalent of one share of APA common stock, can only be settled in cash, and under the plan represents one share of APA common stock for each restricted stock unit. Vesting occurs ratably over three years.

Why were some APA shares withheld in Mark D. Maddox’s Form 4 transactions?

The filing explains that shares were withheld to cover required tax withholding on the vesting of restricted stock, consistent with a tandem tax withholding right under the plan.