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Director awarded 1,178 deferred stock units at APA Corp (APA)

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(Neutral)
Filing Sentiment
(Neutral)
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 grant of 1,178 units linked to APA common stock. These restricted stock units vest immediately and are automatically deferred into phantom stock units under APA's Outside Directors' Deferral Program. After this grant and related dividend equivalents, Stover now holds 29,670 phantom stock units tied to APA common stock as part of his non-employee director compensation.

Positive

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Negative

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Insider STOVER DAVID L
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 1,178 $0.00 --
Holdings After Transaction: Common Stock — 29,670 shares (Direct)
Footnotes (1)
  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, 28,246 phantom stock units previously reported in Table II, and 246 phantom stock units accrued under the ODDP attributable to dividends paid on APA common stock.
New equity grant 1,178 units Restricted stock units granted to non-employee director
Total phantom stock units after grant 29,670 units Balance in Column 5 including new and prior deferrals
Previously reported phantom units 28,246 units Phantom stock units from prior awards
Dividend-equivalent phantom units 246 units Accrued under ODDP from dividends on APA common stock
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
"automatic deferrals in the form of phantom stock units in Table II of Form 4"
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
"Restricted stock units granted to each of APA's non-employee directors under the 2016 Omnibus Compensation Plan"
Outside Directors' Deferral Program financial
"automatically deferred under the deferred compensation provisions of APA's Outside Directors' Deferral Program (the "ODDP")"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock03/31/2026A1,178(1)A$029,670(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 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, 28,246 phantom stock units previously reported in Table II, and 246 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. Stover04/02/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did APA (APA) director David L. Stover report in this Form 4?

David L. Stover reported receiving 1,178 restricted stock units tied to APA common stock. These units vest immediately and are deferred into phantom stock units under APA’s Outside Directors’ Deferral Program as part of his non-employee director compensation.

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

After this grant, David L. Stover holds 29,670 phantom stock units linked to APA common stock. This total includes 1,178 newly deferred units, 28,246 units from prior awards, and 246 units accrued from dividends under the deferral program.

Was David L. Stover’s APA stock award an open-market purchase or a grant?

The transaction was a grant of restricted stock units, not an open-market purchase. The units were awarded at no cash cost to Stover as director compensation and automatically converted into deferred phantom stock units under APA’s established compensation and deferral programs.

What is the APA Outside Directors’ Deferral Program (ODDP) mentioned in the Form 4?

The Outside Directors’ Deferral Program allows APA’s non-employee directors to hold equity awards as phantom stock units. Stover’s restricted stock units immediately vest and are automatically deferred into these phantom units, which also accrue additional units based on dividends paid on APA common stock.

How are dividends on APA common stock reflected in David L. Stover’s phantom units?

Dividends paid on APA common stock generate additional phantom stock units under the deferral program. Stover’s reported total includes 246 phantom stock units that accrued as dividend equivalents, increasing his deferred balance without any separate cash transaction.