APA (APA) executive awarded 967 phantom stock units in retirement plan

Rhea-AI Filing Summary

APA Corp Executive VP Mark D. Maddox reported an acquisition of derivative securities through a company non-qualified retirement plan. On 02/12/2026, he received 967.004 phantom stock units at $28.26 each, increasing his indirectly held phantom units to 5,810.629.

Each phantom stock unit is economically equivalent to one share of APA common stock and can be settled, at the participant’s election, in either APA stock or cash under the terms of the non-qualified retirement plan.

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

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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^*

Maddox Mark D

(Last) (First) (Middle)

2000 W SAM HOUSTON PARKWAY 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)
	Executive VP - Administration

3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026

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

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
Phantom Stock Units	(1)	02/12/2026		A		967.004		(1)	(1)	Common Stock	967.004	$28.26	5,810.629	I	Non-Qualified Retirement Plan

Explanation of Responses:

1. Each phantom stock unit is the economic equivalent of one share of APA common stock and is payable at the participant's election either in APA common stock or cash, in accordance with and subject to the terms of the company's non-qualified retirement plan.

Remarks:

	Kyle W. Funderburk, Attorney-in-Fact for Mark D. Maddox	02/17/2026
	** 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 transaction did APA (APA) report for Mark D. Maddox?

APA reported that Executive VP Mark D. Maddox acquired 967.004 phantom stock units on February 12, 2026. These units were granted under a non-qualified retirement plan and are economically equivalent to APA common shares, payable in stock or cash at his election.

How many APA phantom stock units did Mark D. Maddox receive and at what price?

Mark D. Maddox received 967.004 phantom stock units at $28.26 per unit. These derivative units track APA’s common stock value and are part of his compensation under the company’s non-qualified retirement plan rather than an open-market stock purchase.

What is Mark D. Maddox’s total phantom stock unit holding after this APA Form 4?

After the reported grant, Mark D. Maddox beneficially owns 5,810.629 phantom stock units indirectly. These units are held through a non-qualified retirement plan and each unit represents the economic value of one share of APA common stock, payable in stock or cash.

How are APA phantom stock units settled for Mark D. Maddox?

Each phantom stock unit is payable, at Mark D. Maddox’s election, either in APA common stock or in cash. Settlement terms are governed by APA’s non-qualified retirement plan, which specifies how and when these economically equivalent units can be converted into stock or cash.

Does the APA Form 4 show direct or indirect ownership for these phantom units?

The Form 4 reports the 5,810.629 phantom stock units as indirectly owned. They are held through APA’s non-qualified retirement plan, meaning the interest is tied to that plan rather than direct share ownership in a standard brokerage or personal account.

What role does Mark D. Maddox hold at APA related to this Form 4 filing?

Mark D. Maddox is identified as an officer of APA Corp with the title Executive VP - Administration. The reported acquisition of phantom stock units reflects compensation linked to this executive role and is structured through the company’s non-qualified retirement plan.