CHRISTMANN JOHN J 4

What Happened

• John J. Christmann, CEO and Director of APA Corp (APA), had a conversion/exercise of derivatives and a contemporaneous disposition: 72,170 shares were converted/acquired and then disposed to the issuer at $25.36 per share, generating $1,830,231 on 01/28/2026. On the same date he was granted 144,342 restricted stock units (RSUs) under the 2023 Performance Program; these RSUs are to be settled in cash only.

Key Details

• Transaction date: 2026-01-28 (reported 2026-01-29 — timely filing)
• Sale/disposition: 72,170 shares disposed to issuer at $25.36 each = $1,830,231
• Conversion/exercise: 72,170 derivative units converted (recorded at $0.00)
• Award/grant: 144,342 RSUs granted (recorded at $0.00); final number of RSUs determined 01/28/2026
• Shares owned after transaction: Not specified in the provided filing details
• Footnotes: RSUs are economic equivalents of one share but will be cash-settled only; tandem tax-withholding right noted; awards part of the 2023 Performance Program under the 2016 Omnibus Compensation Plan (performance period ended 12/31/2025)

Context

• The filing shows a conversion/exercise of derivative units followed by an immediate disposition to the issuer (i.e., shares were transferred back to the company for cash). Footnotes indicate these awards are cash-settled RSUs and that the issuer has a tax-withholding right; such mechanics are common in executive compensation and do not by themselves indicate a change in the CEO’s investment view.