APA Corp (APA: APA) director awarded 1,535 deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fisher Kenneth M. reported acquisition or exercise transactions in this Form 4 filing.
APA Corp director Kenneth M. Fisher received an equity award of 1,535 common-stock-based units as compensation. The award is structured as restricted stock units granted to each non-employee director under APA’s 2016 Omnibus Compensation Plan. These units immediately vest and are automatically deferred into phantom stock units under the Outside Directors' Deferral Program.
After this grant and deferral, Fisher’s reported balance is 13,977 phantom stock units, consisting of 1,535 newly deferred units, 12,362 previously reported phantom units, and 80 additional units accrued from dividends on APA common stock. This is a routine, non-cash director compensation grant rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fisher Kenneth M.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,535 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 13,977 shares (Direct)
Footnotes (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 total reported in Column 5 includes 1,535 newly deferred phantom stock units, 12,362 phantom stock units previously reported, and 80 phantom stock units accrued under the ODDP attributable to dividends paid on APA common stock.
Key Figures
Director equity grant: 1,535 units
Post-transaction phantom units: 13,977 units
Previously reported phantom units: 12,362 units
+2 more
5 metrics
Director equity grant
1,535 units
Restricted stock units granted to non-employee director
Post-transaction phantom units
13,977 units
Total phantom stock units after grant
Previously reported phantom units
12,362 units
Phantom stock units before new grant
Dividend-equivalent phantom units
80 units
Units accrued from dividends on APA common stock
Grant price
$0.0000 per unit
Compensation award, no cash paid by director
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
"includes 1,535 newly deferred phantom stock units, 12,362 phantom stock units previously reported, and 80 phantom stock units accrued"
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"
FAQ
What did APA (APA) director Kenneth M. Fisher report in this Form 4?
Kenneth M. Fisher reported receiving 1,535 common-stock-based units as a director compensation award. These restricted stock units vested immediately and were converted into phantom stock units, increasing his deferred balance to 13,977 units under APA’s Outside Directors’ Deferral Program.
How many APA (APA) phantom stock units does Kenneth M. Fisher hold after the grant?
After the grant, Fisher is reported as holding 13,977 phantom stock units. This total includes 1,535 newly deferred units, 12,362 phantom units previously reported, and 80 phantom units that accrued as dividend equivalents under the deferral program.
What plan governs the director equity award reported by APA (APA)?
The award was granted under APA’s 2016 Omnibus Compensation Plan. For non-employee directors, these restricted stock units vest immediately and are automatically deferred into phantom stock units under APA’s Outside Directors’ Deferral Program, aligning compensation with the company’s stock performance.
What are phantom stock units in APA (APA)’s Outside Directors’ Deferral Program?
Phantom stock units are bookkeeping entries tracking the value of APA common stock. Under the Outside Directors’ Deferral Program, vested restricted stock units and dividend equivalents are credited as phantom units, which defer director compensation rather than issuing actual shares immediately.