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 | $0.00 |
| Grant/Award | Restricted Stock / Units | 2,059 | $0.00 | $0.00 |
| Exercise | Restricted Stock / Units | 2,059 | $0.00 | $0.00 |
Footnotes (5)
- F1. One share of APA common stock for each phantom stock unit.
- F2. Exempt acquisition pursuant to Rule 16b-3(d) - accrued under the deferred compensation provisions of APA's Outside Directors' Deferral Program.
- F3. One share of APA common stock for each restricted stock unit.
- F4. 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.
- F5. Vesting of restricted stock units granted to each of APA's non-employee directors under the 2016 Omnibus Compensation Plan.
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