APA Corp (APA) CFO Ben C. Rodgers logs stock unit vesting and sale

Rhea-AI Filing Summary

APA Corp EVP and CFO Ben C. Rodgers reported routine equity award activity involving restricted stock units and common shares on 01/08/2026. Restricted stock units representing 2,372 and 3,557 units were converted to common stock at an exercise price of $0, reflecting vesting under the employer’s plan and cash-based awards that vest ratably over three years. Following these conversions, he acquired matching amounts of common stock.

On the same date, 2,372 common shares were disposed of at $25.37 per share, and 1,400 shares were withheld to cover required tax obligations tied to the vesting. After these transactions, Rodgers directly held 38,697 shares of APA common stock, along with 25,334 and 21,777 restricted stock units in separate awards, as reported.

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^*

Rodgers Ben C

(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)
	EVP and CFO

3. Date of Earliest Transaction (Month/Day/Year)
01/08/2026

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
Common Stock	01/08/2026		M		2,372	A	$0(1)	38,912	D
Common Stock	01/08/2026		D(1)		2,372	D	$25.37	36,540	D
Common Stock	01/08/2026		M(2)		3,557	A	$0	40,097	D
Common Stock	01/08/2026		F(3)		1,400	D	$25.37	38,697	D

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
Restricted Stock / Units(4)	$0(1)	01/08/2026		M			2,372	(5)	(5)	Common Stock	2,372	$0(1)	25,334	D
Restricted Stock / Units(4)	$0(6)	01/08/2026		M			3,557	(2)	(2)	Common Stock	3,557	$0	21,777	D

Explanation of Responses:

1. Each restricted stock unit is the economic equivalent of one share of the Issuer's common stock and can only be settled in cash.

2. Vesting on 01/08/2026 of restricted stock units under the employer plan. Vesting occurs ratably over three years.

3. Shares withheld to cover required tax withholding on vesting of restricted stock.

4. With tandem tax withholding right.

5. Vesting on 01/08/2026 of cash-based restricted stock units under the employer plan. Vesting occurs ratably over three years.

6. One share of APA common stock for each restricted stock unit.

Remarks:

	Kyle W. Funderburk, Attorney-in-Fact for Ben C. Rodgers	01/12/2026
	** 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 activity did APA (APA) report for Ben C. Rodgers?

APA reported that EVP and CFO Ben C. Rodgers had restricted stock units vest and convert into common shares, followed by a sale of some shares and a tax withholding transaction, all on 01/08/2026.

How many APA common shares did Ben C. Rodgers sell or have withheld?

On 01/08/2026, Ben C. Rodgers disposed of 2,372 common shares at $25.37 per share and had an additional 1,400 shares withheld to cover required tax withholding on the vesting of restricted stock.

How many APA common shares does Ben C. Rodgers hold after these transactions?

After the reported transactions on 01/08/2026, Ben C. Rodgers directly held 38,697 shares of APA common stock.

What happened to Ben C. Rodgers’ restricted stock units at APA?

Restricted stock units totaling 2,372 and 3,557 units vested and were reported as exercised at an exercise price of $0, consistent with employer plan terms and cash-based awards that vest ratably over three years.

Are APA restricted stock units held by Ben C. Rodgers cash- or stock-settled?

The filing notes that certain restricted stock units are the economic equivalent of one share of APA common stock and can only be settled in cash, while another award provides one share of APA common stock for each restricted stock unit.

Did Ben C. Rodgers’ Form 4 note tax-related share withholding?

Yes. The filing states that 1,400 shares of APA common stock were withheld to cover required tax withholding related to the vesting of restricted stock, in connection with a tandem tax withholding right.