STOCK TITAN

[Form 4] APA Corp Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Lamar McKay, a director of APA Corp (APA), reported stock-based compensation transactions dated 09/30/2025 that increased his beneficial ownership. The filing shows 3,088 phantom stock units converted into one share each and 3,088 restricted stock units granted and vested, each representing one share of APA common stock. After these transactions, Mr. McKay beneficially owns 47,289 shares directly plus the newly vested 3,088 shares noted separately. The phantom units were exempt acquisitions under Rule 16b-3 and relate to APA's Outside Directors' Deferral Program; the restricted stock units were granted under APA's 2016 Omnibus Compensation Plan. The form was signed by an attorney-in-fact on 10/01/2025.

Lamar McKay, direttore di APA Corp (APA), ha comunicato operazioni di stock-based compensation datate al 30/09/2025 che hanno aumentato la sua partecipazione beneficiaria. La segnalazione mostra 3.088 unità azionarie fantasma convertite in una azione ciascuna e 3.088 unità azionarie soggette a restrizioni assegnate e vestite, ciascuna rappresentante una azione ordinaria APA. A seguito di queste operazioni, il signor McKay detiene beneficiariamente direttamente 47.289 azioni più, separatamente, le nuove 3.088 azioni vestite. Le unità fantasma erano acquisizioni esenti ai sensi della Rule 16b-3 e sono correlate al Piano di Deferrment degli Amministratori Esterni di APA; le unità di azioni soggette a restrizioni sono state concesse ai sensi del Piano di Compenso Omnibus 2016 di APA. Il modulo è stato firmato da un procuratore-in-fatto il 01/10/2025.

Lamar McKay, director de APA Corp (APA), informó transacciones de compensación basadas en acciones fechadas el 30/09/2025 que aumentaron su propiedad beneficiosa. La presentación muestra 3.088 unidades fantasma de acciones convertidas en una acción cada una y 3.088 unidades de acciones restringidas otorgadas y vestidas, cada una representando una acción ordinaria APA. Después de estas transacciones, el señor McKay posee beneficiosamente directamente 47.289 acciones más las 3.088 acciones recién vestidas indicadas por separado. Las unidades fantasma eran adquisiciones exentas bajo la Regla 16b-3 y están relacionadas con el Programa de Diferimiento para Directores Externos de APA; las unidades de acciones restringidas fueron otorgadas bajo el Plan de Compensación Omnibus 2016 de APA. El formulario fue firmado por un apoderado en 01/10/2025.

Lamar McKay, APA Corp의 이사, 2025년 9월 30일자로 주식 기반 보상 거래를 보고하여 그의 유익한 소유 지분이 증가했습니다. 제출서는 3,088 가상 주식 단위가 각각 한 주로 전환되었고 3,088 제한 주식 단위가 부여되어 취득되었으며, 각각은 APA 일반주를 나타냅니다. 이 거래 이후 맥케이 씨의 직접 유익 소유는 47,289주이며, 별도로 명시된 새로 취득된 3,088주도 포함됩니다. 가상 주식 단위는 Rule 16b-3에 따른 면제 취득이며 APA 외부 이사 연기 프로그램과 관련이 있습니다; 제한 주식 단위는 APA의 2016년 종합 보상 계획에 따라 부여되었습니다. 양식은 2025년 10월 1일에 대리인이 서명했습니다.

Lamar McKay, administrateur de APA Corp (APA), a signalé des opérations de compensation en actions datées du 30/09/2025 qui ont augmenté sa participation bénéficiaire. Le dépôt montre 3 088 unités d’actions fantômes converties en une action chacune et 3 088 unités d’actions restreintes accordées et vestées, chacune représentant une action ordinaire APA. Après ces opérations, M. McKay détient bénéficiairement directement 47 289 actions plus les 3 088 actions nouvellement vesties indiquées séparément. Les unités fantômes étaient des acquisitions exonérées selon la règle 16b-3 et se rapportent au programme de Dépôt pour les administrateurs externes d’APA ; les unités d’actions restreintes ont été accordées en vertu du Plan de rémunération omnibus 2016 d’APA. Le formulaire a été signé par un mandataire le 01/10/2025.

Lamar McKay, Direktor von APA Corp (APA), meldete Transaktionen mit aktienbasierter Vergütung datiert auf den 30.09.2025, die seine Beneficial Ownership erhöhten. Die Einreichung zeigt 3.088 Phantomaktieneinheiten, die jeweils in eine Aktie umgewandelt wurden, und 3.088 beschränkte Aktieneinheiten, die gewährt und vestet wurden, wobei jede eine Aktie der APA-Stammaktien repräsentiert. Nach diesen Transaktionen besitzt Herr McKay direkt Beneficial Ownership von 47.289 Aktien zuzüglich der neu vesteten 3.088 Aktien, die separat aufgeführt sind. Die Phantomeinheiten waren gemäß Regel 16b-3 von den Akquisitionen befreit und stehen im Zusammenhang mit dem Outside Directors' Deferral Program von APA; die beschränkten Aktieneinheiten wurden gemäß dem APA Omnibus Compensation Plan von 2016 gewährt. Das Formular wurde am 01.10.2025 von einem Bevollmächtigten unterschrieben.

لامار ماكاي، مدير في APA Corp (APA)، أبلغ عن معاملات تعويض قائم على الأسهم بتاريخ 30/09/2025 والتي زادت من ملكيته المستفيدة. تُظهر الإيداع 3,088 وحدة أسهم افتراضية تحولت إلى حصة واحدة لكل منها و3,088 وحدة أسهم مقيدة مُمنوحة ومكتملة الاستحقاق، كل وحدة تمثل حصة من أسهم APA العادية. بعد هذه المعاملات، يمتلك السيد ماكاي بشكل مستفيد مباشر 47,289 سهماً بالإضافة إلى الـ3,088 سهماً المحققة حديثاً المشار إليها بشكل منفصل. كانت الوحدات الافتراضية اكتساباً معفّاً وفق القاعدة 16b-3 وتتعلق ببرنامج الإعفاء لمديري APA الخارجيين؛ أما وحدات الأسهم المقيدة فتم منحها بموجب خطة جائزة التعويض الشامل 2016 الخاصة بـ APA. تم توقيع النموذج من قبل وكيـل قانوني في 01/10/2025.

Lamar McKay,APA Corp(APA)的董事,报告了日期为 2025-09-30 的基于股票的补偿交易,增加了他的受益所有权。 申报显示将 3,088 股虚拟股票单位各自转换为一股,以及 3,088 股受限股票单位的授予并已归属,每单位代表 APA 普通股的一股。交易完成后,McKay 直接受益所有权为 47,289 股,另加单独注明的新归属的 3,088 股。

Positive
  • Director received equity compensation via conversion of 3,088 phantom stock units into common shares, aligning interests with shareholders
  • 3,088 restricted stock units granted and vested under the company's 2016 Omnibus Compensation Plan, showing established compensation governance
Negative
  • None.

Insights

TL;DR: Director received routine equity compensation totaling 6,176 units, mostly resulting in 3,088 newly vested shares; this appears non-material to company valuation.

The Form 4 documents standard director compensation events: 3,088 phantom stock units converted into common shares and 3,088 restricted stock units granted and vested on 09/30/2025. The phantom-unit conversion is marked as an exempt acquisition under Rule 16b-3, indicating a deferred-compensation plan for outside directors. The report shows total direct beneficial ownership of 47,289 shares after the phantom conversion; an additional 3,088 shares are reflected from vested RSUs. These transactions align with routine governance and compensation practices and do not, by themselves, indicate a change in company operations or financial condition.

TL;DR: Disclosure reflects customary director equity compensation and use of standard exemption and omnibus plan; filings are timely and properly documented.

The Form 4 identifies Mr. McKay as a director and reports acquisitions tied to APA's Outside Directors' Deferral Program and the 2016 Omnibus Compensation Plan approved by shareholders. The use of Rule 16b-3 exemption for the phantom units is appropriate for director deferred compensation. The filing is executed via attorney-in-fact and contains explicit conversion and vesting details. From a governance perspective this is routine director compensation disclosure with no apparent governance red flags in the filing content provided.

Lamar McKay, direttore di APA Corp (APA), ha comunicato operazioni di stock-based compensation datate al 30/09/2025 che hanno aumentato la sua partecipazione beneficiaria. La segnalazione mostra 3.088 unità azionarie fantasma convertite in una azione ciascuna e 3.088 unità azionarie soggette a restrizioni assegnate e vestite, ciascuna rappresentante una azione ordinaria APA. A seguito di queste operazioni, il signor McKay detiene beneficiariamente direttamente 47.289 azioni più, separatamente, le nuove 3.088 azioni vestite. Le unità fantasma erano acquisizioni esenti ai sensi della Rule 16b-3 e sono correlate al Piano di Deferrment degli Amministratori Esterni di APA; le unità di azioni soggette a restrizioni sono state concesse ai sensi del Piano di Compenso Omnibus 2016 di APA. Il modulo è stato firmato da un procuratore-in-fatto il 01/10/2025.

Lamar McKay, director de APA Corp (APA), informó transacciones de compensación basadas en acciones fechadas el 30/09/2025 que aumentaron su propiedad beneficiosa. La presentación muestra 3.088 unidades fantasma de acciones convertidas en una acción cada una y 3.088 unidades de acciones restringidas otorgadas y vestidas, cada una representando una acción ordinaria APA. Después de estas transacciones, el señor McKay posee beneficiosamente directamente 47.289 acciones más las 3.088 acciones recién vestidas indicadas por separado. Las unidades fantasma eran adquisiciones exentas bajo la Regla 16b-3 y están relacionadas con el Programa de Diferimiento para Directores Externos de APA; las unidades de acciones restringidas fueron otorgadas bajo el Plan de Compensación Omnibus 2016 de APA. El formulario fue firmado por un apoderado en 01/10/2025.

Lamar McKay, APA Corp의 이사, 2025년 9월 30일자로 주식 기반 보상 거래를 보고하여 그의 유익한 소유 지분이 증가했습니다. 제출서는 3,088 가상 주식 단위가 각각 한 주로 전환되었고 3,088 제한 주식 단위가 부여되어 취득되었으며, 각각은 APA 일반주를 나타냅니다. 이 거래 이후 맥케이 씨의 직접 유익 소유는 47,289주이며, 별도로 명시된 새로 취득된 3,088주도 포함됩니다. 가상 주식 단위는 Rule 16b-3에 따른 면제 취득이며 APA 외부 이사 연기 프로그램과 관련이 있습니다; 제한 주식 단위는 APA의 2016년 종합 보상 계획에 따라 부여되었습니다. 양식은 2025년 10월 1일에 대리인이 서명했습니다.

Lamar McKay, administrateur de APA Corp (APA), a signalé des opérations de compensation en actions datées du 30/09/2025 qui ont augmenté sa participation bénéficiaire. Le dépôt montre 3 088 unités d’actions fantômes converties en une action chacune et 3 088 unités d’actions restreintes accordées et vestées, chacune représentant une action ordinaire APA. Après ces opérations, M. McKay détient bénéficiairement directement 47 289 actions plus les 3 088 actions nouvellement vesties indiquées séparément. Les unités fantômes étaient des acquisitions exonérées selon la règle 16b-3 et se rapportent au programme de Dépôt pour les administrateurs externes d’APA ; les unités d’actions restreintes ont été accordées en vertu du Plan de rémunération omnibus 2016 d’APA. Le formulaire a été signé par un mandataire le 01/10/2025.

Lamar McKay, Direktor von APA Corp (APA), meldete Transaktionen mit aktienbasierter Vergütung datiert auf den 30.09.2025, die seine Beneficial Ownership erhöhten. Die Einreichung zeigt 3.088 Phantomaktieneinheiten, die jeweils in eine Aktie umgewandelt wurden, und 3.088 beschränkte Aktieneinheiten, die gewährt und vestet wurden, wobei jede eine Aktie der APA-Stammaktien repräsentiert. Nach diesen Transaktionen besitzt Herr McKay direkt Beneficial Ownership von 47.289 Aktien zuzüglich der neu vesteten 3.088 Aktien, die separat aufgeführt sind. Die Phantomeinheiten waren gemäß Regel 16b-3 von den Akquisitionen befreit und stehen im Zusammenhang mit dem Outside Directors' Deferral Program von APA; die beschränkten Aktieneinheiten wurden gemäß dem APA Omnibus Compensation Plan von 2016 gewährt. Das Formular wurde am 01.10.2025 von einem Bevollmächtigten unterschrieben.

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
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).
1. Name and Address of Reporting Person*
McKay Lamar

(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)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025
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
Phantom Stock Units $0(1) 09/30/2025 M 3,088 (2) (2) Common Stock 3,088 $0 47,289 D
Restricted Stock / Units $0(3) 09/30/2025 A 3,088 09/30/2025(4) (4) Common Stock 3,088 $0 3,088 D
Restricted Stock / Units $0(3) 09/30/2025 M 3,088 09/30/2025(5) (5) Common Stock 3,088 $0 0 D
Explanation of Responses:
1. One share of APA common stock for each phantom stock unit.
2. Exempt acquisition pursuant to Rule 16b-3(d) - accrued under the deferred compensation provisions of APA's Outside Directors' Deferral Program.
3. One share of APA common stock for each restricted stock unit.
4. Restricted stock units granted to each of APA's non-employee directors under the 2016 Omnibus Compensation Plan which plan was approved by shareholders in May 2016.
5. Vesting of restricted stock units granted to each of APA's non-employee directors under the 2016 Omnibus Compensation Plan.
Remarks:
Kyle W. Funderburk, Attorney-in-Fact for Lamar McKay 10/01/2025
** 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 transactions did Lamar McKay report on APA Form 4 (APA)?

He reported conversions and grants dated 09/30/2025: 3,088 phantom stock units converted into shares and 3,088 restricted stock units granted and vested.

How many APA shares does Lamar McKay beneficially own after the reported transactions?

The filing shows 47,289 shares reported as beneficially owned following the phantom unit conversion, plus the 3,088 shares from the vested restricted stock units as separately listed.

Were the phantom stock unit acquisitions in the Form 4 taxable or exempt?

The phantom stock unit acquisition is reported as exempt pursuant to Rule 16b-3(d) under the deferred compensation provisions of APA's Outside Directors' Deferral Program.

Under which plan were the restricted stock units granted to APA's non-employee directors?

The restricted stock units were granted under APA's 2016 Omnibus Compensation Plan, which was approved by shareholders in May 2016.

Who signed the Form 4 for Lamar McKay and when?

The form was signed by attorney-in-fact Kyle W. Funderburk on 10/01/2025.
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