Ellis Juliet S 4

What Happened

• Juliet S. Ellis, a director of APA Corp (APA), received an award of 1,178 restricted stock units (RSUs) on 2026-03-31. The units were granted at $0.00 (no cash paid) and immediately vested, then were automatically deferred under APA's Outside Directors' Deferral Program (ODDP).
• The filing reports the newly deferred 1,178 phantom stock units added to previously reported awards and owned shares, bringing the total reported beneficial holdings to 87,306 shares/units. This transaction is an award (routine director compensation), not a purchase or sale.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-02.
• Transaction type/code: Award/Grant (A); price reported $0.00.
• Shares/units acquired: 1,178 RSUs (immediately vested and deferred).
• Shares/units beneficially owned after transaction: 87,306 (includes 1,178 newly deferred phantom units, 73,056 previously reported phantom units, 636 dividend-attributable phantom units under the ODDP, and 12,436 actual common shares).
• Footnote: RSUs granted to non-employee directors under APA’s 2016 Omnibus Compensation Plan vest immediately and are automatically deferred as phantom stock units under the ODDP.
• Filing timeliness: No late filing flag; Form 4 filed two days after the transaction date.

Context

• These RSUs were deferred into phantom stock units, meaning Ellis did not receive immediately tradable shares or cash — the units track APA’s stock value under the deferral program.
• Grants to non-employee directors are common as routine compensation and do not by themselves indicate buying or selling sentiment.