APA Corp (NASDAQ: APA) president logs stock sales, RSUs in Form 4
Rhea-AI Filing Summary
APA Corp president Stephen J. Riney reported multiple equity compensation transactions involving common stock and restricted stock units in early January 2026. On 01/02/2026, 47,767 restricted stock units were exercised into common stock at $0 per share and 47,767 common shares were disposed of at $25.36 per share, leaving 1.392 directly held shares from that block. On 01/04/2026, 5,030 and 7,545 restricted stock units were converted into common stock at $0, followed by dispositions of 5,030 shares at $25.36 and 2,969 shares withheld at $25.36 to cover taxes. Footnotes state certain restricted stock units are cash-settled and are the economic equivalent of one APA share. Riney also reports indirect ownership of 94,681.596 common shares held by a trustee of an NQ plan and 194,589 shares held by the Lisa Riney 2016 Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock / Units | 5,030 | $0.00 | -- |
| Exercise | Restricted Stock / Units | 7,545 | $0.00 | -- |
| Exercise | Common Stock | 5,030 | $0.00 | -- |
| Disposition | Common Stock | 5,030 | $25.36 | $128K |
| Exercise | Common Stock | 7,545 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,969 | $25.36 | $75K |
| Exercise | Restricted Stock / Units | 47,767 | $0.00 | -- |
| Exercise | Common Stock | 47,767 | $0.00 | -- |
| Disposition | Common Stock | 47,767 | $25.36 | $1.21M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (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.
FAQ
What did APA (APA) president Stephen J. Riney report in this Form 4?
The Form 4 reports that Stephen J. Riney, president of APA Corp, had restricted stock units vest and convert, with related acquisitions and sales of common stock on 01/02/2026 and 01/04/2026, including sales and share withholding to cover taxes.
What restricted stock unit (RSU) activity did APA disclose for Stephen J. Riney?
The filing shows RSU transactions labeled as M (exercise/vesting). On 01/02/2026, 47,767 restricted stock units were exercised. On 01/04/2026, blocks of 5,030 and 7,545 units were exercised. Footnotes explain that certain units are cash-based RSUs that vest under employer plans and that each unit is economically equivalent to one share of APA common stock.
What do the tax withholding transactions mean in Stephen J. Riney’s APA Form 4?
A transaction coded F on 01/04/2026 shows 2,969 APA common shares disposed of at $25.36 per share. A footnote clarifies these shares were withheld to cover required tax withholding arising from the vesting of restricted stock, rather than an open-market discretionary sale.
How are APA restricted stock units described in this filing?
Footnotes state that each restricted stock unit is the economic equivalent of one share of APA common stock. Some RSUs under specified programs are described as cash-based and can only be settled in cash, while another footnote notes that there is one share of APA common stock for each restricted stock unit.