Joung Chansoo 4
4 · APA Corp · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
APA Corp Director Joung Chansoo Receives 1,535 RSUs
What Happened
Joung Chansoo, a director of APA Corp (APA), received an award of 1,535 restricted stock units (RSUs) on 2026-06-30. The Form 4 reports the acquisition at $0.00 (no cash paid). Per the filing, these RSUs immediately vested and were automatically deferred under APA’s Outside Directors' Deferral Program, converting to deferred/phantom stock units rather than an immediate cash or open-market stock transaction.
Key Details
- Transaction type: Award/Grant (Code A) on 2026-06-30; reported on Form 4 filed 2026-07-01 (timely).
- Price/Value: 1,535 units @ $0.00 (no cash exchanged at grant).
- Holdings after transaction: 1,535 newly deferred phantom stock units + 102,264 previously reported phantom units + 658 phantom units accrued for dividends + 140,285 common shares = 244,742 total units/shares reported.
- Footnotes: F1 — RSUs granted to non-employee directors under the 2016 Omnibus Compensation Plan, immediately vest and are automatically deferred under the ODDP. F2 — Column 5 total breaks down the mix of deferred phantom units and actual common shares.
- Filing timeliness: Filed the next day (not marked late).
Context
This was a director compensation grant that vested immediately and was deferred; it is not a market purchase or sale and does not reflect an immediate cash realization or open-market trading signal. Deferred or phantom units represent future compensation tied to the stock but are typically administrative and compensatory in nature.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-06-30+1,535→ 244,742 total
Footnotes (2)
- [F1]Restricted stock units granted to each of APA's non-employee directors under the 2016 Omnibus Compensation Plan, which immediately vest and are automatically deferred under the deferred compensation provisions of APA's Outside Directors' Deferral Program (the "ODDP").
- [F2]The total reported in Column 5 includes 1,535 newly deferred phantom stock units, 102,264 phantom stock units previously reported, 658 phantom stock units accrued under the ODDP attributable to dividends paid on APA common stock, and 140,285 shares of common stock.