Ragauss Peter A 4

What Happened

Peter A. Ragauss, a non-employee director of APA Corp (APA), was granted 1,535 restricted stock units (RSUs) on 2026-06-30 (Transaction code A). The award is reported at $0.00 per share (a grant, not a purchase) and, per company practice, the RSUs immediately vested and were automatically deferred into APA's Outside Directors' Deferral Program (ODDP) as phantom stock units.

The filing shows the total deferred/phantom stock units reported after this transaction equals 101,859 units (1,535 newly deferred units + 99,682 previously reported units + 642 units accrued under the ODDP attributable to dividends).

Key Details

• Transaction date: 2026-06-30; Form 4 filed 2026-07-01.
• Transaction type: Award/Grant (A); reported acquisition price: $0.00 per share.
• Shares/units added: 1,535 RSUs converted to phantom stock units.
• Shares/units owned after transaction: 101,859 phantom stock units (total reported).
• Footnotes: F1 — RSUs granted to non-employee directors under the 2016 Omnibus Compensation Plan and immediately deferred under the ODDP; F2 — total includes newly deferred units, previously reported units, and 642 dividend-accrued units.
• Timeliness: No late filing flag is indicated in the Form 4.

Context

This was a routine director compensation award (not a market purchase or sale). The award was immediately deferred into the ODDP as phantom units, which generally track the economic value of APA shares and are paid out under the program’s rules — not an immediate cash transaction. Such awards are common for outside directors and do not, by themselves, signal insider buying or selling interest.