Henderson Tracey K 4

What Happened
Tracey K. Henderson, Executive Vice President—Exploration at APA Corp (APA), had the final tranche of 5,000 restricted stock units (RSUs vest) convert into 5,000 shares on 2026-05-26. Of those, 1,968 shares were withheld to satisfy tax withholding at $37.50 per share (total withheld = $73,800), leaving a net 3,032 shares retained by Henderson. Gross value of the 5,000 vested shares at $37.50 was $187,500; net value retained is about $113,700. This was a vesting/award event (routine compensation), not an open-market buy or sell.

Key Details

• Transaction date: 2026-05-26; Form 4 filed 2026-05-27 (timely).
• Codes: M = exercise/conversion of derivative (RSU conversion), F = shares withheld for tax withholding.
• Shares converted: 5,000 RSUs → 5,000 common shares (one share per RSU).
• Shares withheld for taxes: 1,968 @ $37.50 = $73,800.
• Net shares received: 3,032; net value ≈ $113,700 (3,032 × $37.50).
• Shares owned after transaction: not disclosed in the filing.
• Relevant footnotes: final tranche vested ratably over five years; withheld shares used to cover required tax withholding; employer had a tandem tax-withholding right.

Context
This was a standard vesting of RSUs (an award), not a market purchase or sale. The withholding of shares to cover taxes is routine and does not necessarily indicate a change in insider sentiment. The filing shows conversion of RSU derivatives into stock (transaction code M) and tax-payment by share withholding (code F).