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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock / Units | 3,212 | $0.00 | -- |
| Exercise | Restricted Stock / Units | 4,818 | $0.00 | -- |
| Exercise | Common Stock | 3,212 | $0.00 | -- |
| Disposition | Common Stock | 3,212 | $25.37 | $81K |
| Exercise | Common Stock | 4,818 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,896 | $25.37 | $48K |
| holding | Common Stock | -- | -- | -- |
Footnotes (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. Vesting on 01/08/2026 of restricted stock units under the employer plan. Vesting occurs ratably over three years. Shares withheld to cover required tax withholding on vesting of restricted stock. With tandem tax withholding right. Vesting on 01/08/2026 of cash-based restricted stock units under employer plan. Vesting occurs ratably over three years. One share of APA common stock for each restricted stock unit.
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 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.