APA Corp (APA) Director Juliet S. Ellis Receives Award

What Happened

• Juliet S. Ellis, a non-employee director of APA Corp (APA), received a grant of 1,203 restricted stock units (transaction code A) on 2026-09-30. The units were granted at $0.00 per unit (a compensation award), immediately vested and were automatically deferred under APA’s Outside Directors’ Deferral Program (ODDP).

Key Details

• Transaction date: 2026-09-30; filing date: 2026-10-01 (Form 4 accession 0001754868-26-000008).
• Grant: 1,203 restricted stock units; acquisition price reported $0.00 (award).
• Shares/units owned after transaction: 90,969 total economic units, comprised of 1,203 newly deferred phantom stock units, 76,887 previously reported phantom stock units, 443 phantom units accrued for dividends under the ODDP, and 12,436 shares of common stock (per footnote).
• Footnotes: F1 — RSUs granted to non-employee directors immediately vest and are automatically deferred under the ODDP. F2 — Column 5 total includes the newly deferred units plus previously held phantom units, dividend accruals, and actual common shares.
• Timing: Filed one day after the report period end; appears timely (no late-filing flag).

Context

• This was a director compensation award, not an open-market purchase or sale; no cash was paid. Deferred “phantom” stock units are a form of deferred compensation that track economic exposure to APA’s stock but are not currently tradable shares. Such grants to non-employee directors are common and typically reflect routine board compensation rather than a direct market signal.