APA Corp (APA) director gets 1,178 RSUs deferred into phantom units

Rhea-AI Filing Summary

Weaving Anya reported acquisition or exercise transactions in this Form 4 filing.

APA Corp director Anya Weaving reported a compensation grant of 1,178 restricted stock units tied to APA common stock. These units immediately vest and are automatically deferred into phantom stock units under APA’s Outside Directors' Deferral Program.

After this grant and deferral, her reported total is 16,953 phantom stock units, including 15,639 units from prior awards and 136 units accrued from dividends. This is a routine non-cash equity award for a non-employee director rather than an open-market share purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Weaving Anya

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,178	$0.00	--

Holdings After Transaction: Common Stock — 16,953 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, 15,639 phantom stock units previously reported in Table II, and 136 phantom stock units accrued under the ODDP attributable to dividends paid on APA common stock.

Key Figures

New RSU grant: 1,178 units Total phantom units after grant: 16,953 units Previously reported phantom units: 15,639 units +1 more

4 metrics

New RSU grant 1,178 units Restricted stock units granted and immediately deferred

Total phantom units after grant 16,953 units Reported total phantom stock units following transaction

Previously reported phantom units 15,639 units Phantom stock units from prior awards

Dividend-derived phantom units 136 units Phantom units accrued from dividends on APA common stock

Key Terms

restricted stock units, phantom stock units, Outside Directors' Deferral Program, 2016 Omnibus Compensation Plan

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.

Outside Directors' Deferral Program financial

"deferred under the deferred compensation provisions of APA's Outside Directors' Deferral Program"

2016 Omnibus Compensation Plan financial

"granted to each of APA's non-employee directors under the 2016 Omnibus Compensation Plan"

Form 4 Insider Transactions: What Each Field Means →

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).

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^*

Weaving Anya

(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)

X	Director		10% 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)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/31/2026		A		1,178(1)	A	$0	16,953(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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, 15,639 phantom stock units previously reported in Table II, and 136 phantom stock units accrued under the ODDP attributable to dividends paid on APA common stock.

Remarks:

	Kyle W. Funderburk, Attorney-in-Fact for Anya Weaving	04/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did APA (APA) director Anya Weaving report on this Form 4?

Director Anya Weaving reported receiving 1,178 restricted stock units that vest immediately and are deferred as phantom stock units. The filing shows this as a routine non-cash equity award under APA’s director compensation and deferral programs.

How many restricted stock units did APA (APA) grant to Anya Weaving?

APA granted Anya Weaving 1,178 restricted stock units. These units immediately vest and are automatically converted into phantom stock units under the Outside Directors' Deferral Program, rather than being taken as directly held APA common shares.

What are phantom stock units in the APA (APA) Form 4 filing?

Phantom stock units are bookkeeping entries that mirror APA common stock value instead of actual shares. In this filing, restricted stock units are automatically deferred into phantom stock units under the Outside Directors' Deferral Program for non-employee directors.

How many APA (APA) phantom stock units does Anya Weaving now hold?

After the latest grant and automatic deferral, Anya Weaving’s reported total is 16,953 phantom stock units. This includes 1,178 newly deferred units, 15,639 previously reported phantom units, and 136 phantom units credited from dividends on APA common stock.

Is Anya Weaving buying APA (APA) shares on the open market in this filing?

No, the Form 4 reflects a grant of restricted stock units as compensation, not an open-market purchase. The units vest immediately and are deferred into phantom stock units under APA’s Outside Directors' Deferral Program for non-employee directors.