APA (APA) director David L. Stover receives 1,535 deferred phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
STOVER DAVID L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,535 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 31,396 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, 29,670 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
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 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.