APA director receives 1,178 deferred stock units
Ellis Juliet S reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Ellis Juliet S reported acquisition or exercise transactions in this Form 4 filing.
APA Corp director Juliet S. Ellis received 1,178 units tied to APA common stock as a compensation award. These restricted stock units vest immediately and are automatically deferred into phantom stock units under APA's Outside Directors' Deferral Program.
After this grant and deferral, Ellis has a total reported interest of 87,306 units and shares, including the 1,178 newly deferred phantom stock units, 73,056 phantom stock units from prior awards, 636 phantom stock units accrued from dividends, and 12,436 shares of APA common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,178 shares
Grant/Award
1 txn
Insider
Ellis Juliet S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,178 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 87,306 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 the 1,178 newly deferred phantom stock units, 73,056 phantom stock units previously reported in Table II, 636 phantom stock units accrued under the ODDP attributable to dividends paid on APA common stock, and 12,436 shares of common stock.
Key Figures
Restricted stock unit grant: 1,178 units
Total holdings after transaction: 87,306 units and shares
Previously reported phantom stock units: 73,056 units
+3 more
6 metrics
Restricted stock unit grant
1,178 units
Grant to non-employee director Juliet S. Ellis
Total holdings after transaction
87,306 units and shares
Reported interest for Juliet S. Ellis after grant
Previously reported phantom stock units
73,056 units
Phantom units from prior awards
Dividend-related phantom stock units
636 units
Accrued under deferral program from dividends
Common stock held
12,436 shares
APA common stock held by Juliet S. Ellis
Grant price per unit
$0.00 per unit
Compensation award, not an open-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"
2016 Omnibus Compensation Plan financial
"Restricted stock units granted to each of APA's non-employee directors under the 2016 Omnibus Compensation Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did APA (APA) report for director Juliet S. Ellis?
APA reported that director Juliet S. Ellis received 1,178 restricted stock units tied to APA common stock as a compensation grant. These units vested immediately and were automatically deferred into phantom stock units under APA's Outside Directors' Deferral Program, increasing her total reported holdings.
Was the APA (APA) Form 4 transaction an open-market stock purchase or sale?
No open-market trade occurred. The Form 4 shows an acquisition coded as a grant or award, with 1,178 restricted stock units awarded to director Juliet S. Ellis at a price of $0.00 per unit as part of her non-employee director compensation.
What is the APA (APA) Outside Directors' Deferral Program mentioned in the filing?
The Outside Directors' Deferral Program is an APA arrangement under which non-employee directors' restricted stock units are automatically deferred as phantom stock units. In this case, 1,178 newly granted restricted stock units for Juliet S. Ellis were deferred under this program upon immediate vesting.
How are dividends on APA (APA) common stock reflected in Juliet S. Ellis’s holdings?
Dividends on APA common stock result in additional phantom stock units under the deferral program. The filing notes that 636 phantom stock units in Juliet S. Ellis’s total reflect amounts accrued under the Outside Directors' Deferral Program that are attributable to dividends paid on APA common stock.
What compensation plan governs the APA (APA) restricted stock units granted to Juliet S. Ellis?
The restricted stock units were granted under APA’s 2016 Omnibus Compensation Plan for non-employee directors. These units immediately vested and were automatically deferred into phantom stock units according to the terms of APA’s Outside Directors' Deferral Program described in the Form 4 footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
