Rayphole Robert P. 4

What Happened

• Robert P. Rayphole, Vice President, CAO & Controller of APA Corp (APA), was granted 30.67 phantom stock units on 2026-02-25. Each unit is valued at $28.72, for a total economic value of roughly $881. This transaction is an award (derivative grant), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-02-25; 30.67 units @ $28.72 each (total ≈ $881).
• Transaction type: A (award/grant) — derivative (phantom stock units).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: Each phantom stock unit is the economic equivalent of one share of APA common stock and is payable, at the participant's election, either in APA common stock or cash under the company's non‑qualified retirement plan.
• Filing timing: Reported on 2026-02-26 for a 2026-02-25 transaction — appears timely (not a late filing).

Context

• Phantom stock units are a form of deferred compensation that track the economic value of common shares; they are not immediate open‑market purchases and do not necessarily signal near‑term buying or selling intent.
• Because this is a company grant under a retirement/compensation plan, it generally reflects routine compensation rather than an independent insider market bet.