Bay Annell R 4

What Happened Bay Annell, a non-employee director of APA Corp (APA), was granted 1,535 restricted stock units (RSUs) on 2026-06-30. The units were awarded at $0 (no cash purchase) and immediately deferred under APA’s Outside Directors' Deferral Program (ODDP), effectively converting into 1,535 phantom stock units. This was an award/grant (not a purchase or sale) and did not generate cash proceeds.

Key Details

• Transaction date: 2026-06-30; Form 4 filed 2026-07-01 (timely).
• Award: 1,535 RSUs / phantom stock units; reported acquisition price $0.
• Shares/units owned after transaction: 103,725 phantom stock units (1,535 new + 101,536 previously reported + 654 dividend-accrued units).
• Footnotes: F1 — RSUs granted to non-employee directors under the 2016 Omnibus Compensation Plan, immediately vest and are automatically deferred under the ODDP. F2 — Total includes newly deferred units, previously reported units, and dividend-accrued units.
• No 10b5-1, tax-withholding, or sale indicated.

Context This was a routine director compensation award that was automatically deferred into phantom units; it is neither a buy signal nor a sale. Phantom stock units represent a deferred right to value tied to APA common stock (often paid in cash or stock later) and include amounts attributable to dividends as noted.