Bob Matthew Regis 4

What Happened Bob Matthew Regis, a director of APA Corp (APA), was granted 1,178 restricted stock units (RSUs) on 2026-03-31. The Form 4 reports the acquisition at $0.00 per unit (total reported value $0). These RSUs immediately vested and were automatically deferred under APA’s Outside Directors' Deferral Program (ODDP), converting to phantom stock units rather than issuing current common shares.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-02 (timely filing).
• Transaction type/code: A (award/grant).
• Reported acquisition: 1,178 RSUs at $0.00 (total $0).
• Shares/units reported after transaction: 23,587 total beneficial units, comprised of:
  • 1,178 newly deferred phantom stock units (this grant),
  • 15,639 previously reported phantom stock units,
  • 136 phantom stock units accrued under the ODDP for dividends,
  • 6,634 shares of common stock.
• Footnote: The RSUs for non-employee directors immediately vest and are automatically deferred under the ODDP (reported as phantom stock units).

Context This was a compensation grant to a non-employee director and is a routine director award rather than a market purchase or sale. Because the award was immediately deferred into phantom units, it does not result in the immediate issuance of tradable shares. Such grants are common for board compensation and do not, by themselves, indicate insider buying or selling sentiment.