Rayphole Robert P. 4

What Happened Robert P. Rayphole, Vice President, CAO & Controller of APA Corp (APA), was granted 17.952 phantom stock units on 2026-02-12 at an attributed price of $28.26 per unit, a total economic value of approximately $507. The reported transaction is an award/acquisition (derivative grant), not a market purchase or sale.

Key Details

• Transaction date and type: 2026-02-12 — Grant/Award (Code A) of 17.952 phantom stock units at $28.26/unit (total ~$507).
• Shares owned after transaction: Not specified in the filing.
• Instrument: Phantom stock units (derivative) — each unit equals the economic equivalent of one share of APA common stock (see footnote).
• Payment/settlement: Units are payable, at the participant's election, in APA common stock or cash under the company's non‑qualified retirement plan (Footnote F1).
• Filing timeliness: Reported on 2026-02-17; filing appears to be timely relative to the 2-business-day Form 4 requirement.

Context Phantom stock units are a form of deferred/retirement compensation that mirror the economic value of company shares; they do not represent immediate open‑market buying or selling. Small-value awards like this (~$507) typically reflect routine compensation adjustments or fractional unit grants and should not be construed as a directional insider trade signal.