Rodgers Ben C 4

What Happened

• Ben C. Rodgers, Executive Vice President and Chief Financial Officer of APA Corp (APA), had 4,222 restricted stock units (RSUs) vest on February 1, 2026. The RSUs converted into 4,222 shares of APA common stock (reported as derivative exercises, code M).
• To cover tax withholding, 1,662 of those shares were withheld (reported as a disposition, code F) at $26.41 per share, totaling $43,893. That leaves approximately 2,560 net shares issued to Rodgers. The gross value of the 4,222 vested shares was about $111,503 (4,222 × $26.41).

Key Details

• Transaction date: 2026-02-01; Form 4 filed: 2026-02-02 (timely).
• Vested/converted: 4,222 shares (derivative exercise, code M) at $0.00 exercise price (these were RSUs converting to common shares).
• Shares withheld for taxes: 1,662 shares disposed at $26.41 (code F) = $43,893.
• Net shares issued to insider: ~2,560 shares (4,222 − 1,662).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes from the filing:
  • F1: Vesting of restricted stock units on 02/01/2026; vesting occurs ratably over three years.
  • F2: Shares withheld to cover required tax withholding on vesting.
  • F3: With tandem tax withholding right.
  • F4: One share of APA common stock issued for each restricted stock unit.
• Transaction codes explained: M = exercise/conversion of a derivative (here, RSUs converting to shares); F = shares withheld to satisfy tax withholding.

Context

• This was an RSU vesting event, not an open-market purchase or intentional sale. Withholding shares to cover taxes is a routine administrative step and does not necessarily indicate a change in insider sentiment.
• For retail investors, purchases by insiders can be more informative than routine vesting events. This filing documents standard compensation-related issuance and related tax withholding.