Joung Chansoo 4

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.