APA director granted 1,535 deferred stock units

STOVER DAVID L reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

STOVER DAVID L reported acquisition or exercise transactions in this Form 4 filing.

APA Corp director David L. Stover received an equity-based compensation award rather than buying shares in the market. He was granted 1,535 restricted stock units on APA common stock, which immediately vest and are automatically deferred into phantom stock units under APA’s Outside Directors’ Deferral Program.

After this grant, Stover holds a total of 31,396 phantom stock units under the deferral program. This total consists of 1,535 newly deferred units from this award, 29,670 phantom stock units previously reported, and 191 additional units accrued from dividends paid on APA common stock.

Insider Trade Summary

Grant/Award: 1,535 shares

Grant/Award 1 txn

Insider STOVER DAVID L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,535	$0.00	$0.00

Holdings After Transaction: Common Stock — 31,396 shares (Direct)

Footnotes (2)

1. F1. 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").
2. F2. The total reported in Column 5 includes 1,535 newly deferred phantom stock units, 29,670 phantom stock units previously reported, and 191 phantom stock units accrued under the ODDP attributable to dividends paid on APA common stock.

Key Figures

RSUs granted: 1,535 units Price per unit: $0.00 Total phantom units after grant: 31,396 units +2 more

5 metrics

RSUs granted 1,535 units Restricted stock units granted to non-employee director on 2026-06-30

Price per unit $0.00 Compensation award, no cash paid for granted units

Total phantom units after grant 31,396 units Director’s phantom stock units following the 2026-06-30 award

Previously reported phantom units 29,670 units Phantom stock units held before the new grant

Dividend-equivalent phantom units 191 units Units accrued under deferral program from APA dividends

Key Terms

restricted stock units, phantom stock units, deferred compensation, Outside Directors' Deferral Program, +1 more

5 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, 29,670 phantom stock units previously reported, and 191 phantom stock units accrued"

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")"

2016 Omnibus Compensation Plan financial

"granted to each of APA's non-employee directors under the 2016 Omnibus Compensation Plan"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did APA (APA) director David L. Stover report?

David L. Stover reported receiving 1,535 restricted stock units as director compensation. These units immediately vested and were converted into phantom stock units under APA’s Outside Directors’ Deferral Program, increasing his deferred equity-based holdings tied to APA common stock.

Did David L. Stover buy or sell APA (APA) stock on the open market?

He did not buy or sell APA stock on the open market. The Form 4 shows a compensation-related grant coded “A,” representing restricted stock units that vested immediately and were deferred as phantom stock units, rather than a discretionary market purchase or sale.

How many APA (APA) phantom stock units does David L. Stover hold after this grant?

After the grant, David L. Stover holds 31,396 phantom stock units. This includes 1,535 newly deferred units from the latest award, 29,670 units previously reported, and 191 additional units accrued from dividends paid on APA common stock under the deferral program.

What is the value per share of the APA (APA) units granted to David L. Stover?

The reported price per share is $0.00 because this was a compensation grant, not a purchase. The 1,535 restricted stock units were awarded under APA’s 2016 Omnibus Compensation Plan and then deferred, so no cash consideration changed hands in this transaction.

What plan governs the APA (APA) equity grant to David L. Stover?

The grant was made under APA’s 2016 Omnibus Compensation Plan. The units immediately vested and were automatically deferred into phantom stock units pursuant to APA’s Outside Directors’ Deferral Program, which governs how non-employee director equity awards are deferred and tracked.

How are dividend equivalents handled for David L. Stover’s APA (APA) phantom stock units?

Dividend equivalents are credited as additional phantom stock units. The filing notes that 191 phantom stock units in Stover’s total holdings are attributable to dividends paid on APA common stock, showing that dividends increase his deferred unit balance over time.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/01/2026 - 04:31 PM EDT Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

STOVER DAVID L

(Last) (First) (Middle)

2000 W SAM HOUSTON PARKWAY S

SUITE 200

(Street)

HOUSTON TEXAS 77042

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
APA Corp [ APA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/30/2026		A		1,535(1)	A	$0	31,396(2)	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

Explanation of Responses:

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").

2. The total reported in Column 5 includes 1,535 newly deferred phantom stock units, 29,670 phantom stock units previously reported, and 191 phantom stock units accrued under the ODDP attributable to dividends paid on APA common stock.

Remarks:

	Kyle W. Funderburk, Attorney-in-Fact for David L. Stover	07/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)