APA (APA) Director Bay Annell Receives 1,203-Unit Award

What Happened

Bay Annell, a non-employee director of APA Corp (APA), was granted 1,203 restricted stock units (RSUs) on 2026-09-30. The units were granted at $0.00 (award), immediately vested, and were automatically deferred under APA’s Outside Directors' Deferral Program (ODDP) as phantom stock units. After this grant, the total reported balance attributable to Annell under the ODDP is 105,525 phantom stock units (including prior units and dividend-accrued units).

Key Details

• Transaction date: 2026-09-30; Filing date: 2026-10-01 (timely).
• Transaction type: Award/Grant (Code A); 1,203 RSUs granted at $0.00.
• Shares/units reported after transaction: 105,525 phantom stock units (1,203 newly deferred + 103,725 previously reported + 597 dividend-accrued units).
• Footnote summary: F1 — RSUs for non-employee directors under the 2016 Omnibus Compensation Plan immediately vest and are deferred under the ODDP. F2 — Column 5 total combines new units, prior reported units, and units from dividends.
• Not a purchase or sale — this is routine director compensation, not an open-market trade.

Context

These are deferred phantom stock units, not immediate transfers of tradable common shares; they represent deferred compensation that typically converts to cash or stock per plan terms at distribution. Grants to non-employee directors are common and generally reflect routine compensation rather than a direct signal of insider market sentiment.