APA insider filing: 2,059 RSUs granted and phantom units converted
Rhea-AI Filing Summary
Charles W. Hooper, a director of APA Corp (APA), reported equity changes on 09/30/2025. The filing shows 2,059 phantom stock units recorded (reported with code M) that convert one-for-one into APA common shares under the company's Outside Directors' Deferral Program, and the report lists a resulting beneficial ownership of 26,217 shares following that reported transaction. The filing also shows 2,059 restricted stock units granted to non-employee directors under the 2016 Omnibus Compensation Plan and a separate entry for 2,059 restricted stock units marked with code M for vesting. All transactions are reported as either exempt acquisitions or routine grants/vesting; prices are reported as $0 per share in the filing.
Positive
- Director equity alignment: Conversion of 2,059 phantom stock units and RSU grants/vesting increase the reporting person's share ownership, aligning interests with shareholders.
- Routine, exempt transactions: Phantom unit acquisition reported as exempt under Rule 16b-3, indicating standard deferred-compensation processing rather than market purchases or sales.
Negative
- None.
Insights
TL;DR: Director equity awards and deferred compensation converted into shares; routine director compensation, no new control signal.
The Form 4 documents standard director compensation activity: conversion of phantom units under a deferral program and grants/vesting of restricted stock units under the 2016 Omnibus Compensation Plan. The filing reports 2,059 phantom stock units and 2,059 restricted stock units on 09/30/2025, with a reported beneficial ownership figure of 26,217 shares following the phantom-unit transaction. These are typical non-derivative equity events for non-employee directors and carry governance alignment implications but do not indicate changes in board control or unusual insider selling.
TL;DR: Equity-based director compensation executed as expected: deferred phantom units converted and RSUs granted/vested.
The entries reflect routine implementation of director pay programs: an exempt acquisition under Rule 16b-3 for accrued deferred compensation and RSU grants/vesting under the approved omnibus plan. The filing shows $0 price per share for these awards, consistent with conversion/grant mechanics rather than open-market purchases. The magnitude (2,059 units per listed entry) is material at the individual award level but appears consistent with scheduled director equity compensation rather than extraordinary one-off transactions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock Units | 2,059 | $0.00 | -- |
| Grant/Award | Restricted Stock / Units | 2,059 | $0.00 | -- |
| Exercise | Restricted Stock / Units | 2,059 | $0.00 | -- |
Footnotes (1)
- One share of APA common stock for each phantom stock unit. Exempt acquisition pursuant to Rule 16b-3(d) - accrued under the deferred compensation provisions of APA's Outside Directors' Deferral Program. One share of APA common stock for each restricted stock unit. Restricted stock units granted to each of APA's non-employee directors under the 2016 Omnibus Compensation Plan which plan was approved by shareholders in May 2016. Vesting of restricted stock units granted to each of APA's non-employee directors under the 2016 Omnibus Compensation Plan.
