Rayphole Robert P. 4

What Happened Robert P. Rayphole, Vice President, CAO & Controller of APA Corp (APA), was granted 6.111 phantom stock units on February 27, 2026. The award is reported at a value of $29.10 per unit, totaling $178. This was an award/grant (derivative), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-27; filing date: 2026-03-03 (Form 4, Accession 0002098624-26-000014).
• Award: 6.111 phantom stock units at $29.10 per unit; total reported value $178.
• Nature: Derivative award (phantom stock units), code A = Award/Grant.
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Footnote: Each phantom stock unit equals the economic equivalent of one share of APA common stock and may be payable in APA stock or cash under the company’s non‑qualified retirement plan.

Context Phantom stock units are a deferred/derivative form of compensation and do not represent an immediate open‑market purchase or sale of common stock; they typically reflect compensation or retention incentives. Such awards are routine insider filings and do not, by themselves, indicate buying or selling sentiment.