Fisher Kenneth M. 4

What Happened Kenneth M. Fisher, a director of APA Corp (APA), was granted 1,178 restricted stock units (reported as an Award, code A) on March 31, 2026. The award was recorded at $0.00 per share (no cash paid) and immediately vested, but the units are automatically deferred under APA’s Outside Directors' Deferral Program (ODDP) and reported as phantom stock units.

Key Details

• Transaction date: 2026-03-31; Filing date: 2026-04-02 (timely Form 4 filing).
• Grant: 1,178 RSUs / phantom stock units; reported acquisition price: $0.00.
• Shares/units owned after transaction (Column 5 total): 12,362 phantom stock units (1,178 newly deferred + 11,088 previously reported + 96 dividend-accrued units).
• Footnotes: RSUs granted to non-employee directors under the 2016 Omnibus Compensation Plan; they immediately vest and are automatically deferred under the ODDP (see F1 & F2).
• Transaction type: Award/Grant (A). No sale, purchase, or option exercise involved.

Context These units are compensation for a non-employee director and are deferred as phantom units (rights to future value), not newly issued or sold shares. Such director RSU grants are routine compensation and do not by themselves indicate a buy or sell signal.