CHRISTMANN JOHN J 4

What Happened
John J. Christmann, CEO and director of APA Corp (APA), had 26,717 restricted stock units (RSUs) vest and convert into common shares on 2026-02-01. As part of the vesting event the filing shows 10,514 shares were surrendered/withheld to cover tax withholding (valued at $26.41 per share, totaling $277,675). The filing also reports gifts/transfers of 1,438 shares to each of three trusts (JJCV 1998 Trust, CAC 1998 Trust, CEC 2003 Trust) for which Christmann is trustee. The RSU awards are reported as derivative conversions (code M) and the tax withholding is reported under code F.

Key Details

• Transaction date: 2026-02-01; Form 4 filed 2026-02-02 (timely filing).
• Primary events: 26,717 RSUs converted to 26,717 shares (code M).
• Tax withholding: 10,514 shares surrendered @ $26.41 = $277,675 (code F).
• Gifts: transfers of 1,438 shares to each of three named trusts (codes G); reporting person is trustee of those trusts (footnotes F3–F5).
• Footnotes: vesting of RSUs occurred under the employer plan and vests ratably over three years (F1); one share issued per RSU (F7); shares were withheld to cover required tax withholding (F2) and a tandem tax withholding right is noted (F6).
• Shares owned after the transactions are not specified in the provided data.

Context
This was a routine RSU vesting/corporate compensation event, not an open‑market purchase or an indicator of buying sentiment. The withholding of shares to cover taxes is common in RSU vesting (similar to a "sell-to-cover"). Gifts to trusts are transfers of beneficial ownership and do not necessarily reflect trading intent. The filing does not indicate 10% owner status.