APA Director Peter A. Ragauss Receives Award

What Happened

• Peter A. Ragauss, a director of APA Corp (APA), received an award of 1,203 restricted stock units (transaction code A) on 2026-09-30. The units were granted at $0.00 (no cash purchase) and immediately vest but are automatically deferred under APA’s Outside Directors' Deferral Program (ODDP).
• The filing reports a total of 103,649 phantom stock units after the grant — consisting of the 1,203 newly deferred units, 101,859 previously reported phantom units, and 587 phantom units accrued under the ODDP for dividends.

Key Details

• Transaction date: 2026-09-30; Filing date (Accession): 2026-10-01.
• Grant: 1,203 restricted stock units, reported at $0.00 (award/grant, not a purchase).
• Shares/units held after the transaction: 103,649 phantom stock units (per footnote breakdown).
• Footnotes: F1 — RSUs granted to non-employee directors under the 2016 Omnibus Compensation Plan, immediately vest and are deferred under the ODDP. F2 — Column totals include newly deferred units, previously reported units, and dividend-accrued phantom units.
• Timeliness: Filed the next day after the reported transaction date; appears to be timely.

Context

• These are director compensation awards converted into deferred “phantom” stock units that track APA’s stock value and dividend equivalents but are paid later under the deferral program — not an open-market purchase or sale.
• Such grants are routine for non-employee directors and do not necessarily signal insider buying or selling intent.