APA Corp (APA) director awarded 1,535 deferred phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ellis Juliet S reported acquisition or exercise transactions in this Form 4 filing.
APA Corp director Juliet S. Ellis received a grant of 1,535 restricted stock units as a non-cash award. These units vest immediately and are automatically deferred into phantom stock units under APA’s Outside Directors’ Deferral Program. After this grant and related accruals, Ellis holds 89,323 combined phantom units and common shares, including 12,436 shares of common stock.
Positive
- None.
Negative
- None.
Insights
Routine equity grant to non-employee director, mainly deferred as phantom units.
Director Juliet S. Ellis received 1,535 restricted stock units as a compensation award, with a grant price of $0.00 per share, indicating a non-cash equity grant typical for board service. The units vest immediately and convert into phantom stock units under APA’s Outside Directors’ Deferral Program.
The filing notes that Ellis now has 89,323 total phantom units and common shares, including 74,870 previously reported phantom units, 482 dividend-equivalent phantom units, and 12,436 shares of common stock. This appears to be a routine, programmatic update rather than a discretionary market transaction.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ellis Juliet S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,535 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 89,323 shares (Direct)
Footnotes (1)
- 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"). The total reported in Column 5 includes the 1,535 newly deferred phantom stock units, 74,870 phantom stock units previously reported, 482 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 units granted: 1,535 units
Grant price per unit: $0.00 per share
Total holdings after transaction: 89,323 units and shares
+3 more
6 metrics
Restricted stock units granted
1,535 units
Grant to non-employee director on 2026-06-30
Grant price per unit
$0.00 per share
Non-cash equity award
Total holdings after transaction
89,323 units and shares
Phantom stock units plus common shares after grant
Previously reported phantom units
74,870 units
Phantom stock units before current grant
Dividend-equivalent phantom units
482 units
Units accrued from dividends under ODDP
Common shares held
12,436 shares
APA common stock owned after transaction
Key Terms
restricted stock units, phantom stock units, deferred compensation, Outside Directors' Deferral Program
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
"includes the 1,535 newly deferred phantom stock units, 74,870 phantom stock units previously reported"
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.
deferred compensation financial
"automatically deferred under the deferred compensation provisions of APA's Outside Directors' Deferral Program"
Deferred compensation is pay that employees or executives have earned now but will receive at a later date, such as delayed bonuses, retirement benefits, or stock grants. It matters to investors because it creates future obligations and shapes incentives—like a promise to pay later that can affect a company’s reported profits, cash needs and potential stock dilution—so it helps signal how a business manages costs and retains key people.
Outside Directors' Deferral Program financial
"automatically deferred under the deferred compensation provisions of APA's Outside Directors' Deferral Program (the "ODDP")"
FAQ
What did APA (APA) director Juliet S. Ellis receive in this Form 4 filing?
Juliet S. Ellis received 1,535 restricted stock units of APA common stock as a non-cash grant. These units immediately vest and are converted into deferred phantom stock units under APA’s Outside Directors’ Deferral Program, updating her overall equity-based compensation position.
Is the APA (APA) Form 4 for Juliet S. Ellis a market purchase or sale?
The Form 4 reflects a grant/award acquisition, not a market trade. Ellis received 1,535 restricted stock units at a price of $0.00 per share as director compensation, which are automatically deferred into phantom stock units rather than bought or sold in the open market.
What is the Outside Directors’ Deferral Program mentioned in APA’s Form 4?
APA’s Outside Directors’ Deferral Program allows non-employee directors to hold compensation as phantom stock units instead of current shares. In this filing, the granted restricted stock units vest immediately and are automatically deferred into phantom units under this program, aligning director compensation with APA stock performance.
How are dividends on APA (APA) stock reflected in Juliet S. Ellis’s holdings?
Dividends on APA common stock create additional phantom stock units under the deferral program. The filing notes 482 phantom stock units accrued from dividends, which are included in Ellis’s total of 89,323 phantom units and common shares reported after the current grant.