Maddox Mark D 4

What Happened Mark D. Maddox, Executive VP — Administration at APA Corp (APA), was granted 449.581 phantom stock units on 2026-02-25. The grant is reported at a per‑unit value of $28.72, for a total reported value of $12,912. This was an award (derivative grant), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-25; filing date: 2026-02-26 (filed next day; appears timely).
• Transaction code: A (award/grant); instrument: phantom stock units (derivative).
• Units granted: 449.581; per‑unit value: $28.72; total reported value: $12,912.
• Shares owned after transaction: Not disclosed in this Form 4.
• 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 Phantom stock units are a form of compensation that mimic the economic value of shares but are settled in stock or cash per plan terms. Grants are routine compensation for executives and do not directly indicate buying or selling intent in the open market.