Riney Stephen J 4

What Happened

• Stephen J. Riney, President of APA Corp (APA), had 15,202 restricted stock units (RSUs) vest on 2026-02-01. The RSUs converted into 15,202 shares of APA common stock (exercise/conversion code M, $0 exercise price).
• To cover required tax withholding, 5,982 of those shares were surrendered/disposed at a reported per-share value of $26.41, generating proceeds of $157,985 (code F). Net shares delivered to Riney were 9,220. The total value of the vested RSUs was about $401,485 (15,202 × $26.41). This is receipt of an award, not an open-market purchase.

Key Details

• Transaction date: 2026-02-01; Form 4 filed 2026-02-02 (timely).
• Vested/converted: 15,202 RSUs → 15,202 shares (code M, $0 exercise price).
• Tax withholding: 5,982 shares withheld/disposed at $26.41 per share, proceeds $157,985 (code F).
• Net new shares to insider: 9,220 shares.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes from the filing: vesting ratably over three years (F1); shares withheld to satisfy tax withholding on vesting (F2); tandem tax withholding right (F3); one share issued per RSU (F4).
• Filing appears timely (no late filing flag).

Context

• This was an RSU vesting event (award conversion), with a common cashless-style tax withholding where a portion of the vested shares are surrendered to cover taxes. Such transactions are routine compensation events and do not, by themselves, signal a buy or sell opinion about the stock.
• Codes: M = exercise/conversion of derivative (here, RSU → shares); F = shares withheld/disposed to cover tax liability.