Maddox Mark D 4

What Happened
Mark D. Maddox, Executive VP — Administration of APA Corp (APA), received a final grant of 30,748 performance-based restricted stock units (RSUs) under the 2023 Performance Program (2026-01-28). Those RSUs are cash‑settled. To satisfy tax withholding related to the vesting/conversion, 15,374 shares (or economic equivalents) were disposed to the issuer at $25.36 per share, generating $389,885. The conversion/settlement and the withholding disposition occurred on 2026-01-28 and were reported on 2026-01-29.

Key Details

• Transaction date: 2026-01-28; filing date: 2026-01-29 (timely).
• Award/Grant: 30,748 RSUs granted/awarded (cash‑settled; final amount determined 01/28/2026).
• Disposition/Withholding: 15,374 shares disposed to issuer at $25.36 each = $389,885 (tax withholding).
• Instrument type: performance RSUs under the 2016 Omnibus Compensation Plan, 2023 Performance Program (performance period ended 12/31/2025). RSUs are economic equivalents of shares and are cash‑only.
• Footnotes: RSUs are cash‑settled only, and the issuer used a tandem tax‑withholding right to satisfy taxes.
• Shares owned after the transactions: not specified in the provided filing.

Context
These entries reflect a performance‑based RSU award determined on 01/28/2026 and a routine cash settlement with tax withholding (the issuer received 15,374 equivalents to cover taxes). This is not an open‑market sale by the insider but a cash‑settlement/withholding action commonly used when awards are cash‑settled. No indication of a 10% owner or a 10b5‑1 plan; the filing appears timely.