APA (APA) director credited with 1,178 new deferred phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ragauss Peter A reported acquisition or exercise transactions in this Form 4 filing.
APA Corp director Peter A. Ragauss received an equity-based compensation award of 1,178 restricted stock units that immediately vested and were automatically deferred into phantom stock units. These units were granted under APA’s 2016 Omnibus Compensation Plan and the Outside Directors’ Deferral Program.
After adding the 1,178 newly deferred phantom stock units, 97,654 previously reported phantom stock units, and 850 phantom stock units accrued from dividends, Ragauss now holds a total of 99,682 phantom stock units credited to his deferred account.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ragauss Peter A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,178 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 99,682 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 reporting person has reported prior awards of restricted stock units and automatic deferrals in the form of phantom stock units in Table II of Form 4. The total reported in Column 5 includes 1,178 newly deferred phantom stock units, 97,654 phantom stock units previously reported in Table II, and 850 phantom stock units accrued under the ODDP attributable to dividends paid on APA common stock.
Key Figures
Restricted stock units granted: 1,178 units
Total phantom stock units after transaction: 99,682 units
Previously reported phantom stock units: 97,654 units
+2 more
5 metrics
Restricted stock units granted
1,178 units
Grant to non-employee director Peter A. Ragauss
Total phantom stock units after transaction
99,682 units
Director’s deferred phantom stock balance after award
Previously reported phantom stock units
97,654 units
Phantom units reported before this new deferral
Dividend-related phantom units
850 units
Accrued under ODDP from dividends on APA common stock
Grant price per share
$0.0000 per unit
Equity award recorded with no cash purchase price
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"
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
"automatic deferrals in the form of phantom stock units in Table II"
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
"under the 2016 Omnibus Compensation Plan, which immediately vest"
Outside Directors' Deferral Program financial
"deferred compensation provisions of APA's Outside Directors' Deferral Program"
FAQ
What insider transaction did APA (APA) disclose for Peter A. Ragauss?
APA disclosed that director Peter A. Ragauss received 1,178 restricted stock units as equity compensation. These units immediately vested and were automatically deferred into phantom stock units under APA’s Outside Directors’ Deferral Program, increasing his deferred phantom stock balance.
How many APA (APA) phantom stock units does Peter A. Ragauss hold after this award?
After this award, Peter A. Ragauss is credited with 99,682 phantom stock units. This total includes 1,178 newly deferred units, 97,654 previously reported phantom units, and 850 phantom units accrued from dividends on APA common stock under the deferral program.
Is the APA (APA) award to Peter A. Ragauss an open-market stock purchase?
No, the award is not an open-market purchase. It is a grant of 1,178 restricted stock units to a non-employee director, which immediately vested and were deferred into phantom stock units as part of APA’s compensation and deferral programs, with no cash price per share reported.
Under which plans were the APA (APA) phantom stock units granted and deferred?
The 1,178 restricted stock units were granted under APA’s 2016 Omnibus Compensation Plan. They immediately vested and were automatically deferred into phantom stock units under APA’s Outside Directors’ Deferral Program, which governs deferrals for non-employee directors.
How are dividends on APA (APA) common stock reflected for Peter A. Ragauss?
Dividends on APA common stock result in additional phantom stock units for Peter A. Ragauss. The total of 99,682 phantom units includes 850 phantom stock units accrued under the Outside Directors’ Deferral Program that are attributable to dividends paid on APA common stock.