Maddox Mark D reported acquisition or exercise transactions in this Form 4 filing.
APA Corp executive Mark D. Maddox reported an indirect award of 449.581 phantom stock units. The grant was made on February 25, 2026 under a non-qualified retirement plan at a reference price of $28.72 per unit, bringing his total phantom stock units to 6,260.210.
Each phantom stock unit is the economic equivalent of one share of APA common stock and is payable, at the participant's election, in either APA common stock or cash pursuant to the company’s non-qualified retirement plan terms.
APA Corporation reports on a transformative 2025, highlighting a reshaped portfolio, global projects, and detailed reserves data.
Total production reached 169.5 MMboe, with the U.S. contributing 62 percent, Egypt 31 percent, and the North Sea 7 percent. Proved reserves totaled 1.1 billion boe (509 MMbbls oil, 240 MMbbls NGLs, 1.8 Tcf gas), about 71 percent liquids, with 734 MMboe developed and 322 MMboe undeveloped.
APA completed the all‑stock acquisition of Callon Petroleum valued at approximately $4.5 billion and sold non‑core U.S. assets for about $2.2 billion combined, primarily to reduce debt. It advanced the GranMorgu oil development in Suriname, a $10.5 billion project with an FPSO designed for 220,000 b/d and first oil anticipated in 2028, while planning to cease North Sea production before 2030. The report also details drilling results, long‑term gas and oil delivery commitments, human capital metrics for 1,791 employees, safety performance, and extensive risk factors tied to commodity prices, regulation, climate policy, cybersecurity, and large‑scale project execution.
APA Corporation reported solid fourth-quarter and full-year 2025 results, highlighting strong cash generation, debt reduction, and a leaner capital plan for 2026.
For Q4 2025, net income attributable to common stock was $279 million, or $0.79 per diluted share, and adjusted earnings were $324 million, or $0.91 per diluted share. Reported production averaged 460,000 BOE per day, with adjusted production of 387,000 BOE per day, and U.S. oil production of 132,000 barrels per day.
For full-year 2025, net income attributable to common stock was $1.434 billion, or $3.99 per diluted share, and adjusted earnings were $1.354 billion, or $3.77 per diluted share. Reported production averaged 464,000 BOE per day and adjusted production 392,000 BOE per day. Net cash provided by operating activities was $4.545 billion, free cash flow was $1.024 billion, and APA returned $640 million to shareholders while cutting net debt to $3.977 billion. Proved reserves grew 9% to 1,056 million BOE, with 734 million BOE proved developed. For 2026, APA plans $2.1 billion of total upstream capital, about 10% below 2025, and expects total adjusted production of 371,000 BOE per day.
APA Corp executive Robert P. Rayphole, VP CAO & Controller, reported an acquisition of derivative securities in the form of phantom stock units on February 12, 2026. He received 17.952 phantom stock units at $28.26 per unit, held indirectly through a non-qualified retirement plan.
After this award, Rayphole indirectly holds 1,552.554 phantom stock units. Each unit is economically equivalent to one share of APA common stock and can be settled in APA stock or cash, according to the terms of the company’s non-qualified retirement plan.
APA Corp Executive VP Mark D. Maddox reported an acquisition of derivative securities through a company non-qualified retirement plan. On 02/12/2026, he received 967.004 phantom stock units at $28.26 each, increasing his indirectly held phantom units to 5,810.629.
Each phantom stock unit is economically equivalent to one share of APA common stock and can be settled, at the participant’s election, in either APA stock or cash under the terms of the non-qualified retirement plan.
Harris Associates L.P. and Harris Associates, Inc. filed an amended Schedule 13G reporting beneficial ownership of 11,644,670 shares of APA Corp common stock, representing 3.3% of the class as of the event date. They report sole voting power over 11,635,909 shares and sole dispositive power over 11,644,670 shares, with no shared voting or dispositive power.
The filing states the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of APA Corp, nor in connection with any control-related transaction.
APA Corp executive Kimberly O. Warnica reported routine equity compensation activity. On 02/01/2026, 5,981 restricted stock units vested under the employer plan and were converted into 5,981 shares of APA common stock at an exercise price of $0, with vesting scheduled to occur ratably over three years.
To cover required tax withholding on this vesting, 2,616 common shares were withheld at a price of $26.41 per share, leaving 3,365 APA common shares held directly after the transactions. Following the derivative transaction, Warnica directly beneficially owned 30,284 restricted stock/units.
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.
APA Corp President Stephen J. Riney reported routine equity compensation activity. On February 1, 2026, 15,202 restricted stock units vested into APA common shares at an exercise price of $0 under the employer plan, vesting ratably over three years.
To cover required tax withholding on this vesting, 5,982 common shares were withheld at a price of $26.41 per share. After these transactions, Riney directly owns 21,564.392 common shares and holds 129,967 restricted stock/units as derivative securities.
He also reports indirect beneficial ownership of 94,681.596 common shares held by the trustee of an NQ plan and 194,589 common shares held by the Lisa Riney 2016 Family Trust, reflecting additional long-term equity alignment with APA.
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.