Maddox Mark D 4

What Happened

• Mark D. Maddox, Executive Vice President – Administration of APA Corp (APA), was granted 967.004 phantom stock units on February 12, 2026. The units are reported at $28.26 each, for a total economic value of about $27,328. This was an award/grant (derivative security), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-12; Filing date (Form 4): 2026-02-17 (filed 5 days after the transaction; later than the standard 2-business-day reporting requirement).
• Transaction type/code: A = Award/Grant (derivative).
• Units granted: 967.004 phantom stock units; price reported: $28.26 per unit; total value ≈ $27,328.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Each phantom stock unit is the economic equivalent of one share of APA common stock and is payable, at the participant’s election, in APA common stock or cash under the company’s non‑qualified retirement plan.

Context

• These phantom units are a form of equity‑linked compensation — they track the economic value of APA shares but do not necessarily represent immediate stock ownership unless and until paid out in stock (or settled in cash) per the plan terms.
• Awards like this are routine compensation for executives and do not by themselves indicate a buy/sell signal. The late filing may be noted by investors but does not change the nature of the award.