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APA Corp (APA) CFO reports RSU vesting and tax share withholding

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

Rhea-AI Filing Summary

APA Corp executive Ben C. Rodgers, EVP and CFO, reported equity award activity on February 1, 2026. A total of 4,222 restricted stock units vested into APA common stock at an exercise price of $0 under the employer plan, with vesting occurring ratably over three years.

To cover required tax withholding on this vesting, 1,662 shares of common stock were withheld at $26.41 per share. Following these transactions, Rodgers directly beneficially owned 41,257 shares of APA common stock and 28,867 restricted stock units.

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*
Rodgers Ben C

(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)
EVP and CFO
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) 4,222 A $0 42,919 D
Common Stock 02/01/2026 F(2) 1,662 D $26.41 41,257 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
Restricted Stock / Units(3) $0(4) 02/01/2026 M 4,222 (1) (1) Common Stock 4,222 $0 28,867 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 Ben C. Rodgers 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 EVP and CFO Ben C. Rodgers report?

Ben C. Rodgers reported vesting of restricted stock units. On February 1, 2026, 4,222 restricted stock units converted into APA common stock at an exercise price of $0 under the company’s equity plan, reflecting scheduled vesting rather than an open-market purchase.

How many APA shares did Ben C. Rodgers have after the February 1, 2026 transactions?

After the transactions, Rodgers held 41,257 APA common shares. These are directly owned shares reported following the vesting and tax withholding events. He also held 28,867 restricted stock units that remain outstanding under the company’s equity compensation plan.

Why were 1,662 APA shares withheld in Ben C. Rodgers’ Form 4 filing?

Shares were withheld to satisfy tax obligations. The filing states 1,662 APA common shares were withheld at $26.41 per share to cover required tax withholding arising from the vesting of restricted stock units, rather than being sold in the open market.

What does the Form 4 transaction code “M” mean for APA EVP and CFO Rodgers?

The “M” code reflects a conversion of derivative securities. In this case, 4,222 restricted stock units were converted into an equal number of APA common shares at $0, consistent with vesting of equity awards granted under the employer’s stock plan.

What role does Ben C. Rodgers hold at APA Corp in this Form 4?

Ben C. Rodgers is identified as APA’s EVP and CFO. The Form 4 states he is an officer, serving as Executive Vice President and Chief Financial Officer, and that the reported APA common stock and restricted stock units are held directly by him.

How many restricted stock units does APA’s CFO hold after this vesting event?

Rodgers held 28,867 restricted stock units after the event. Table II shows this remaining balance of restricted stock units following the conversion of 4,222 units into common stock, with each unit representing one share of APA common stock.
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