APA Corp (APA) director receives 1,178 RSUs under deferral plan
Rhea-AI Filing Summary
Joung Chansoo reported acquisition or exercise transactions in this Form 4 filing.
APA Corp director Chansoo Joung received an equity award consisting of 1,178 restricted stock units. These units were granted under APA's 2016 Omnibus Compensation Plan to non-employee directors, immediately vested, and were automatically deferred into phantom stock units under the Outside Directors' Deferral Program.
After this grant and deferral, Joung now reports beneficial ownership of 242,549 APA-related units and shares. This total includes 1,178 newly deferred phantom stock units, 100,213 previously reported phantom stock units, 873 phantom stock units accrued from dividends, and 140,285 shares of common stock held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,178 shares
Net Buy
1 txn
Insider
Joung Chansoo
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,178 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 242,549 shares (Direct)
Footnotes (2)
- 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").
- F2. The reporting person has reported prior awards of restricted stock units and automatic deferrals in the form of phantom stock units in Table II of Form 4. The total reported in Column 5 includes 1,178 newly deferred phantom stock units, 100,213 phantom stock units previously reported in Table II, 873 phantom stock units accrued under the ODDP attributable to dividends paid on APA common stock, and 140,285 shares of common stock.
Key Figures
Restricted stock units granted: 1,178 units
Total holdings after transaction: 242,549 units/shares
Previously reported phantom stock units: 100,213 units
+3 more
6 metrics
Restricted stock units granted
1,178 units
Common Stock award on 2026-03-31, immediately vested and deferred
Total holdings after transaction
242,549 units/shares
Beneficial ownership reported in Column 5 after grant and deferral
Previously reported phantom stock units
100,213 units
Phantom stock units previously reported in Table II
Dividend-accrued phantom units
873 units
Phantom units accrued under ODDP from dividends on APA common stock
Common stock held
140,285 shares
Shares of APA common stock included in total beneficial ownership
Transaction price per share
$0.0000
Equity grant reported as compensation, not a market purchase
Key Terms
restricted stock units, phantom stock units, Outside Directors' Deferral Program, 2016 Omnibus Compensation Plan
4 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
"automatic deferrals in the form of phantom stock units in Table II of Form 4"
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.
Outside Directors' Deferral Program financial
"automatically deferred under the deferred compensation provisions of APA's Outside Directors' Deferral Program (the "ODDP")"
2016 Omnibus Compensation Plan financial
"Restricted stock units granted to each of APA's non-employee directors under the 2016 Omnibus Compensation Plan"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did APA (APA) director Chansoo Joung report in this Form 4 filing?
Director Chansoo Joung reported receiving 1,178 restricted stock units that immediately vested and were deferred into phantom stock units. Following this award and deferral, he reports total beneficial ownership of 242,549 APA-related units and shares, combining phantom units and common stock.
How many APA restricted stock units were granted to the director in this filing?
The director was granted 1,178 restricted stock units of APA common stock. These units were issued under APA’s 2016 Omnibus Compensation Plan for non-employee directors, immediately vested upon grant, and were automatically deferred into phantom stock units under the Outside Directors’ Deferral Program.
What is the director’s total reported APA ownership after this transaction?
After the transaction, the director reports total beneficial ownership of 242,549 APA-related units and shares. This includes 1,178 newly deferred phantom stock units, 100,213 previously reported phantom stock units, 873 dividend-accrued phantom units, and 140,285 shares of APA common stock.
What is APA’s Outside Directors’ Deferral Program mentioned in the Form 4?
APA’s Outside Directors’ Deferral Program allows non-employee directors to defer equity awards into phantom stock units. In this case, 1,178 restricted stock units immediately vested and were automatically deferred into phantom units, aligning director compensation with APA’s stock performance over time without immediate share delivery.