Joung Chansoo 4

What Happened

• Joung Chansoo, a non-employee director of APA Corp (APA), was granted 1,178 restricted stock units (RSUs) on 2026-03-31. The RSUs vested immediately and were automatically deferred under APA’s Outside Directors' Deferral Program (ODDP), resulting in 1,178 phantom stock units recorded at $0.00 cash value for the transaction.
• This was an award/grant (transaction code A), not a purchase or sale—a common form of director compensation rather than a market trade.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-02 (appears timely).
• Grant: 1,178 RSUs; transaction price reported: $0.00.
• Shares/units reported after the transaction: total beneficial interest of 242,549 units/shares, composed of 140,285 shares of common stock and 102,264 phantom stock units (1,178 newly deferred + 100,213 previously reported + 873 dividend-accrued phantom units).
• Footnotes: F1—RSUs granted to non-employee directors under the 2016 Omnibus Compensation Plan and immediately deferred under the ODDP. F2—aggregation details of previously reported phantom units, dividend-accrued units, and common shares.
• Filing type: Award/deferral; no tax-withholding or sale occurred as part of this transaction.

Context

• Director RSU grants are standard compensation and are often automatically deferred into phantom units; they do not necessarily indicate insider buying or selling sentiment.
• For retail investors, purchases are typically more informative of bullish insider views; this award is a compensation event and should be interpreted accordingly.