Ragauss Peter A 4

What Happened
Peter A. Ragauss, a director of APA Corp (APA), received a grant of 1,178 restricted stock units (RSUs) on 2026-03-31. The award was granted at $0.00 (standard for RSU grants) and has a total reported value of $0 in the filing because it is an equity award rather than a cash transaction. The RSUs immediately vested and were automatically deferred into phantom stock units under APA’s Outside Directors' Deferral Program (ODDP).

Key Details

• Transaction date: 2026-03-31; transaction type: Award/Grant (code A).
• Shares/units granted: 1,178 RSUs; price reported: $0.00; reported dollar value: $0.
• Shares/units owned after transaction (reported in Form 4 Column 5): 99,682 phantom stock units (1,178 newly deferred + 97,654 previously reported + 850 accrued from dividends).
• Footnote F1: RSUs granted under the 2016 Omnibus Compensation Plan; they immediately vest and are automatically deferred under the ODDP.
• Footnote F2: Confirms the 1,178 newly deferred units and totals previously reported and dividend-accrued phantom units.
• Filing: Report filed 2026-04-02 for a 2026-03-31 transaction; no indication in the filing of a late reporting exception.

Context
These units are deferred/phantom stock units (deferred compensation) and do not represent an open-market purchase or immediate sale of shares. Such director RSU grants are routine compensation rather than a clear bullish or bearish signal about the company.