David A. Pursell - 01 Jan 2022 Form 4 Insider Report for APA Corp (APA)

Role
Exec. Vice Pres - Development
Signature
Raj Sharma, Attorney-in-Fact
Issuer symbol
APA
Transactions as of
01 Jan 2022
Net transactions value
-$435,591
Form type
4
Filing time
04 Jan 2022, 15:51:53 UTC
Next filing
05 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APA Common Stock Options Exercise $0 +32,711 +158% $0.000000 53,425 01 Jan 2022 Direct F1
transaction APA Common Stock Tax liability $346,128 -12,872 -24% $26.89 40,553 01 Jan 2022 Direct F2
transaction APA Common Stock Options Exercise $0 +3,327 +8.2% $0.000000 43,880 01 Jan 2022 Direct F3
transaction APA Common Stock Disposed to Issuer $89,463 -3,327 -7.6% $26.89 40,553 01 Jan 2022 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction APA Restricted Stock / Units Options Exercise $0 -32,711 -23% $0.000000 108,244 01 Jan 2022 Common Stock 32,711 $0.000000 Direct F1
transaction APA Restricted Stock / Units Options Exercise $0 -3,327 -3.1% $0.000000 104,917 01 Jan 2022 Common Stock 3,327 $0.000000 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting on 01/01/2022 of restricted stock units under the employer plan. Vests 100% on 01/01/2022.
F2 Shares withheld to cover required tax withholding on vesting of restricted stock.
F3 RSU vesting under 2018 Performance Program under 2016 Omnibus Equity Compensation Plan to be settled in cash only.
F4 Each restricted stock unit is the economic equivalent of one share of the Issuer's common stock and can only be settled in cash.
F5 With tandem tax withholding right.

Remarks:

As of March 1, 2021, APA Corporation became the successor issuer to, and parent holding company of, Apache Corporation pursuant to a holding company reorganization in which all of Apache Corporation's outstanding shares were automatically converted into equivalent corresponding shares of APA Corporation.