APA (APA) director Charles Hooper granted 1,535 RSUs deferred as phantom stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hooper Charles W reported acquisition or exercise transactions in this Form 4 filing.
APA Corp director Charles W. Hooper received an equity-based compensation award in the form of 1,535 restricted stock units. These units immediately vest and are automatically deferred into phantom stock units under APA’s Outside Directors’ Deferral Program, bringing his total deferred phantom units to 31,689.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hooper Charles W
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,535 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 31,689 shares (Direct, null)
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 1,535 newly deferred phantom stock units, 29,961 phantom stock units previously reported, and 193 phantom stock units accrued under the ODDP attributable to dividends paid on APA common stock.
Key Figures
RSUs granted: 1,535 units
Total deferred phantom units: 31,689 units
Previously reported phantom units: 29,961 units
+1 more
4 metrics
RSUs granted
1,535 units
Restricted stock units granted to non-employee director
Total deferred phantom units
31,689 units
Total phantom stock units after grant under ODDP
Previously reported phantom units
29,961 units
Phantom stock units reported before this grant
Dividend-equivalent phantom units
193 units
Units accrued under ODDP from dividends
Key Terms
Restricted stock units, phantom stock units, 2016 Omnibus Compensation Plan, 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 1,535 newly deferred phantom stock units, 29,961 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.
2016 Omnibus Compensation Plan financial
"Restricted stock units granted to each of APA's non-employee directors under the 2016 Omnibus Compensation Plan"
Outside Directors' Deferral Program financial
"automatically deferred under the deferred compensation provisions of APA's Outside Directors' Deferral Program"
FAQ
What did APA (APA) director Charles W. Hooper report in this Form 4?
Charles W. Hooper reported receiving 1,535 restricted stock units as equity compensation. These units immediately vest and are converted into deferred phantom stock units under APA’s Outside Directors’ Deferral Program, increasing his total deferred phantom units to 31,689.
Was the APA (APA) Form 4 transaction a market purchase or sale?
The Form 4 shows a grant of restricted stock units, not a market trade. The units were awarded at no cash cost, immediately vested, and automatically deferred into phantom stock units under APA’s Outside Directors’ Deferral Program for non-employee directors.
How many APA equity units does Charles W. Hooper hold after this award?
After this award, Charles W. Hooper holds 31,689 deferred phantom stock units. This total includes 1,535 newly deferred units, 29,961 units previously reported, and 193 units accrued from dividend equivalents under the Outside Directors’ Deferral Program.
What plan governs the APA (APA) equity award to Charles W. Hooper?
The award was granted under APA’s 2016 Omnibus Compensation Plan. The restricted stock units immediately vest and are automatically deferred according to the deferred compensation provisions of APA’s Outside Directors’ Deferral Program for outside directors.
What are phantom stock units in the APA (APA) Outside Directors’ Deferral Program?
Phantom stock units are bookkeeping units that track the value of APA common stock without delivering actual shares immediately. In this filing, restricted stock units vest and automatically convert into phantom stock units deferred under the Outside Directors’ Deferral Program.