Ellis Juliet S 4

What Happened
Juliet S. Ellis, a director of APA Corp (APA), was granted 1,535 restricted stock units (reported as an award) on 2026-06-30 at a reported price of $0.00. The award immediately vested and was automatically deferred under APA’s Outside Directors' Deferral Program (ODDP). The Form 4 reports no cash paid for the award; it represents compensation rather than an open‑market purchase.

Key Details

• Transaction date and price: 2026-06-30; grant reported at $0.00 per unit (award).
• Shares/units reported after transaction: 89,323 total reported units/shares, consisting of: 1,535 newly deferred phantom stock units, 74,870 previously reported phantom stock units, 482 phantom units accrued from dividends under the ODDP, and 12,436 shares of common stock.
• Footnotes: F1 — RSUs granted to non‑employee directors under the 2016 Omnibus Compensation Plan; they immediately vest and are automatically deferred under the ODDP. F2 — Column 5 total breakdown listed above.
• Filing: Form 4 filed 2026-07-01 for the 2026-06-30 transaction (timely).

Context
These are deferred, phantom/RSU awards to a non‑employee director and are not tradable common shares at grant; they are compensation that will convert/pay out according to the ODDP terms. Awards to directors are routine corporate compensation and do not by themselves indicate the director is buying or selling stock.