APA Corp (APA) president receives new RSU and stock option awards

Rhea-AI Filing Summary

APA Corp president Stephen J. Riney received new equity awards in the form of restricted stock units and stock options. On 01/06/2026, he was granted 45,226 restricted stock units with a conversion rate of one share of APA common stock for each unit. These units were granted under the employer plan and are scheduled to vest in three equal installments on 02/01/2027, 01/06/2028, and 01/06/2029.

On the same date, he also received a stock option grant covering 110,769 shares of common stock at an exercise price of $23.88 per share. These options become exercisable ratably over three years beginning 01/06/2027. Following these grants, he beneficially owns 132,564 derivative securities tied to APA common stock from restricted stock units and 110,769 stock options, all held directly.

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
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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^*

Riney Stephen J

(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)
	President

3. Date of Earliest Transaction (Month/Day/Year)
01/06/2026

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

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(1)	$0(2)	01/06/2026		A		45,226		(3)	(3)	Common Stock	45,226	$0	132,564	D
Stock Option Grant	$23.88	01/06/2026		A		110,769		(4)	01/06/2036	Common Stock	110,769	$0	110,769	D

Explanation of Responses:

1. With tandem tax withholding right.

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

3. Restricted stock units granted 01/06/2026 under employer plan. The units vest equally over three years on 02/01/2027, 01/06/2028, and 01/06/2029.

4. Stock options granted 01/06/2026 under employer plan. The options become exercisable ratably over three years beginning 01/06/2027.

Remarks:

	Kyle W. Funderburk, Attorney-in-Fact for Stephen J. Riney	01/08/2026
	** 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 transactions did APA (APA) report for Stephen J. Riney?

The filing reports that Stephen J. Riney, President of APA Corp, received derivative equity awards on 01/06/2026. He was granted 45,226 restricted stock units and a stock option grant for 110,769 shares of APA common stock under the employer plan.

What are the terms of Stephen J. Rineys restricted stock units at APA?

Riney received 45,226 restricted stock units, each representing one share of APA common stock. The units were granted on 01/06/2026 and are scheduled to vest equally over three years on 02/01/2027, 01/06/2028, and 01/06/2029.

What are the exercise terms of Stephen J. Rineys APA stock options?

The stock option grant covers 110,769 shares of APA common stock with an exercise price of $23.88 per share. The options were granted on 01/06/2026 under the employer plan and become exercisable ratably over three years beginning 01/06/2027.

How many APA restricted stock units and options does Stephen J. Riney hold after these grants?

After the reported transactions, Riney beneficially owns 132,564 derivative securities related to APA common stock from restricted stock units and 110,769 stock options, all reported as held directly.

Does each restricted stock unit for Stephen J. Riney convert into APA common stock?

Yes. The filing states that there is one share of APA common stock for each restricted stock unit, meaning each vested unit converts into a single share of APA common stock.

What additional features apply to Stephen J. Rineys APA equity awards?

The restricted stock units are noted as being granted with a tandem tax withholding right, and both the RSUs and stock options were granted under the employer plan on 01/06/2026.