APA director awarded 1,178 deferred stock units
STOVER DAVID L reported acquisition or exercise transactions in this Form 4 filing.
Accepted by SEC EDGAR
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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.
Insider Trade Summary
Grant/Award: 1,178 shares
Grant/Award
1 txn
Insider
STOVER DAVID L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,178 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 29,670 shares (Direct)
Footnotes (2)
- 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").
- F2. 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.
Key Figures
New equity grant: 1,178 units
Total phantom stock units after grant: 29,670 units
Previously reported phantom units: 28,246 units
+1 more
4 metrics
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
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 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")"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
