Bay Annell R 4

What Happened

• Bay Annell R, a non‑employee director of APA Corp (APA), was granted 1,178 restricted stock units (RSUs) on 2026-03-31. The units were awarded at $0.00 on the Form 4 because they immediately vest and are automatically deferred under APA’s Outside Directors' Deferral Program (ODDP), converting to phantom stock units.
• The Form 4 shows the 1,178 newly deferred phantom units plus previously reported amounts, bringing the total phantom stock units attributable to the reporting person to 101,536 after this award. The filing was submitted on 2026-04-02.

Key Details

• Transaction date: 2026-03-31 (reported on Form 4 filed 2026-04-02).
• Transaction code: A (award/grant); reported price per share: $0.00; reported dollar value: $0.
• Shares/units acquired: 1,178 restricted stock units, immediately deferred as phantom stock units.
• Shares/units owned after transaction: 101,536 phantom stock units (1,178 new + 99,492 previously reported + 866 dividend accrual).
• Footnote summary: F1—RSUs granted to non‑employee directors under the 2016 Omnibus Compensation Plan that vest immediately and are deferred under the ODDP. F2—Form 4 aggregates this award with previously reported deferred/phantom units and dividend‑attributed accruals.
• Timeliness: Filed within the Form 4 reporting window (not marked late).

Context

• This is a routine director compensation award, not an open‑market buy or sale. Because the units are automatically deferred as phantom stock units, they are not immediately tradable and generally reflect compensation/retention rather than a direct trading signal.
• For retail investors, director awards like this are common and should be viewed as part of governance/compensation practice rather than a clear bullish or bearish signal on the stock.