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APA Corp (APA) EVP Mark Maddox reports RSU vesting and tax share withholding

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

Rhea-AI Filing Summary

APA Corp executive Mark D. Maddox, Executive VP – Administration, reported equity compensation activity on February 1, 2026. A total of 6,158 restricted stock units vested and were converted into the same number of APA common shares at an exercise price of $0 under the employer plan.

To cover required taxes on this vesting, 2,424 common shares were withheld at a price of $26.41 per share. After these transactions, Maddox directly owned 76,610.471 APA common shares and indirectly held 4,843.625 shares through a trustee of a nonqualified plan.

Positive

  • None.

Negative

  • None.
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*
Maddox Mark D

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Executive VP - Administration
3. Date of Earliest Transaction (Month/Day/Year)
02/01/2026
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
Common Stock 02/01/2026 M(1) 6,158 A $0 79,034.471 D
Common Stock 02/01/2026 F(2) 2,424 D $26.41 76,610.471 D
Common Stock 4,843.625 I Held by Trustee of NQ Plan
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
Restricted Stock / Units(3) $0(4) 02/01/2026 M 6,158 (1) (1) Common Stock 6,158 $0 54,041 D
Explanation of Responses:
1. Vesting on 02/01/2026 of restricted stock units under the employer plan. Vesting occurs ratably over three years.
2. Shares withheld to cover required tax withholding on vesting of restricted stock.
3. With tandem tax withholding right.
4. One share of APA common stock for each restricted stock unit.
Remarks:
Kyle W. Funderburk, Attorney-in-Fact for Mark D. Maddox 02/02/2026
** 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.

FAQ

What insider transaction did APA (APA) report for Mark D. Maddox?

APA reported that Executive VP Mark D. Maddox had 6,158 restricted stock units vest and convert into common shares. As part of this process, 2,424 common shares were withheld to satisfy tax withholding obligations tied to the vesting event.

How many APA shares did Mark D. Maddox receive from RSU vesting?

Mark D. Maddox received 6,158 APA common shares upon vesting of restricted stock units at an exercise price of $0. These units vested under the employer’s equity plan and convert one-for-one into APA common stock according to the filing’s footnotes.

Why were some APA shares withheld in Mark D. Maddox’s Form 4?

The Form 4 shows 2,424 APA common shares withheld at $26.41 per share. The explanation states these shares were withheld specifically to cover required tax withholding obligations related to the vesting of restricted stock granted to Mark D. Maddox.

How many APA shares does Mark D. Maddox own after these transactions?

After the reported transactions, Mark D. Maddox directly beneficially owned 76,610.471 APA common shares. He also indirectly held 4,843.625 additional shares through a trustee of a nonqualified plan, as indicated in the ownership table of the Form 4 filing.

What does the derivative transaction code M mean in APA’s Form 4?

Transaction code M indicates the exercise or conversion of a derivative security, here restricted stock units. In this case, 6,158 restricted stock units converted into the same number of APA common shares at $0, reflecting vesting under the company’s compensation plan.

What is the relationship of Mark D. Maddox to APA Corp (APA)?

Mark D. Maddox is an officer of APA Corp, serving as Executive Vice President – Administration. The Form 4 identifies him in this role and reports his beneficial ownership changes in APA common stock and related restricted stock unit awards.
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