STOCK TITAN

APA Corp (APA) VP Rayphole logs stock and RSU award transactions

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

APA Corp executive Robert P. Rayphole, VP, CAO & Controller, reported multiple equity award–related transactions in APA common stock and restricted stock units in early January 2026. On January 2, 2026, 948 restricted stock units converted at $0 into 948 shares of common stock, followed by a disposition of 948 shares at $25.36 per share. On January 4, 2026, additional restricted stock units converted at $0 into 880 and 720 common shares, with 880 shares disposed of at $25.36 and 322 shares withheld at $25.36 to cover required tax withholding.

After these transactions, Rayphole directly owned 17,289 shares of APA common stock and indirectly held 1,534.602 shares through a trustee for an NQ plan. Footnotes explain that some units are cash‑settled equivalents of common stock and that vesting under employer plans occurs ratably over three years, with certain awards carrying tandem tax withholding rights.

Positive

  • None.

Negative

  • None.
Insider Rayphole Robert P.
Role VP CAO & Controller
Type Security Shares Price Value
Exercise Restricted Stock / Units 880 $0.00 --
Exercise Restricted Stock / Units 720 $0.00 --
Exercise Common Stock 880 $0.00 --
Disposition Common Stock 880 $25.36 $22K
Exercise Common Stock 720 $0.00 --
Tax Withholding Common Stock 322 $25.36 $8K
Exercise Restricted Stock / Units 948 $0.00 --
Exercise Common Stock 948 $0.00 --
Disposition Common Stock 948 $25.36 $24K
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock / Units — 9,022 shares (Direct); Common Stock — 17,771 shares (Direct); Common Stock — 1,534.602 shares (Indirect, Held by Trustee NQ Plan)
Footnotes (1)
  1. RSU vesting under 2022 Performance Program under 2016 Omnibus Equity Compensation Plan to be settled in cash only. 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 01/04/2026 of cash-based restricted stock units under the employer plan. Vesting occurs ratably over three years. Vesting on 01/04/2026 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. One share of APA common stock for each restricted stock unit.
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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
Rayphole Robert P.

(Last) (First) (Middle)
2000 W SAM HOUSTON PKWY 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)
VP CAO & Controller
3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026
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 01/02/2026 M(1) 948 A $0 17,839 D
Common Stock 01/02/2026 D(2) 948 D $25.36 16,891 D
Common Stock 01/04/2026 M 880 A $0(2) 17,771 D
Common Stock 01/04/2026 D(3) 880 D $25.36 16,891 D
Common Stock 01/04/2026 M(4) 720 A $0 17,611 D
Common Stock 01/04/2026 F(5) 322 D $25.36 17,289 D
Common Stock 1,534.602 I Held by Trustee 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(6) $0(2) 01/02/2026 M 948 (1) (1) Common Stock 948 $0 9,902 D
Restricted Stock / Units(6) $0(2) 01/04/2026 M 880 (3) (3) Common Stock 880 $0(2) 9,022 D
Restricted Stock / Units(6) $0(7) 01/04/2026 M 720 (4) (4) Common Stock 720 $0 8,302 D
Explanation of Responses:
1. RSU vesting under 2022 Performance Program under 2016 Omnibus Equity Compensation Plan to be settled in cash only.
2. Each restricted stock unit is the economic equivalent of one share of the Issuer's common stock and can only be settled in cash.
3. Vesting on 01/04/2026 of cash-based restricted stock units under the employer plan. Vesting occurs ratably over three years.
4. Vesting on 01/04/2026 of restricted stock units under the employer plan. Vesting occurs ratably over three years.
5. Shares withheld to cover required tax withholding on vesting of restricted stock.
6. With tandem tax withholding right.
7. One share of APA common stock for each restricted stock unit.
Remarks:
Kyle W. Funderburk, Attorney-in-Fact for Robert P. Rayphole 01/06/2026
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider activity did APA (APA) report for Robert P. Rayphole in January 2026?

APA reported that VP, CAO & Controller Robert P. Rayphole had several equity award–related transactions in early January 2026, including restricted stock units converting into APA common stock at $0 exercise price and related dispositions of shares at $25.36 per share, plus shares withheld to satisfy tax obligations on vesting.

How many APA common shares did Robert P. Rayphole dispose of and at what price?

The filing shows Rayphole disposed of 948 shares of APA common stock at $25.36 per share on January 2, 2026, and 880 shares at $25.36 per share on January 4, 2026. An additional 322 shares were withheld at $25.36 per share to cover required tax withholding in connection with vesting restricted stock.

What was Robert P. Rayphole’s APA share ownership after these Form 4 transactions?

After the reported transactions, Rayphole directly owned 17,289 shares of APA common stock. He also had an indirect holding of 1,534.602 shares described as "Held by Trustee NQ Plan," reflecting shares held through a nonqualified plan trustee.

How were APA restricted stock units treated in Robert P. Rayphole’s transactions?

The filing states that each restricted stock unit is the economic equivalent of one APA common share. Certain units under the 2022 Performance Program can only be settled in cash, while other restricted stock units vest under the employer plan, generally with vesting occurring ratably over three years and, in some cases, delivering APA common stock on a one-for-one basis.

Why were some of Robert P. Rayphole’s APA shares withheld in these transactions?

According to the footnotes, 322 APA shares were withheld on January 4, 2026 to cover required tax withholding triggered by the vesting of restricted stock. The filing also notes a tandem tax withholding right associated with certain restricted stock unit awards.

What role does Robert P. Rayphole hold at APA Corp in this Form 4 filing?

In this Form 4, Robert P. Rayphole is identified as an officer of APA Corp, serving as VP CAO & Controller. The transactions reported reflect activity in his equity compensation and related APA common stock holdings.