D. Clay Bretches - Jan 15, 2022 Form 4 Insider Report for APA Corp (APA)

Role
Exec. VP, Operations
Signature
Raj Sharma, Attorney-in-Fact
Stock symbol
APA
Transactions as of
Jan 15, 2022
Transactions value $
-$185,191
Form type
4
Date filed
1/18/2022, 01:03 PM
Previous filing
Jan 4, 2022
Next filing
Feb 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APA Common Stock Options Exercise $0 +8.59K +51.1% $0.00 25.4K Jan 15, 2022 Direct F1
transaction APA Common Stock Tax liability -$108K -3.38K -13.31% $32.09 22K Jan 15, 2022 Direct F2
transaction APA Common Stock Options Exercise +2.39K +10.86% 24.4K Jan 15, 2022 Direct F3
transaction APA Common Stock Disposed to Issuer -$76.7K -2.39K -9.8% $32.09 22K Jan 15, 2022 Direct F3, 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 -8.59K -8.07% $0.00 97.9K Jan 15, 2022 Common Stock 8.59K Direct F1, F5
transaction APA Restricted Stock / Units Options Exercise $0 -2.39K -2.44% $0.00 95.5K Jan 15, 2022 Common Stock 2.39K Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting on 01/15/2022 of restricted stock units under the employer plan. Vesting occurs ratably over three years.
F2 Shares withheld to cover required tax withholding on vesting of restricted stock.
F3 Each restricted stock unit is the economic equivalent of one share of the Issuer's common stock and can only be settled in cash.
F4 Table does not reflect vesting on 01/15/2022 of 1,834 performance restricted stock units granted under the employer plan and tied solely to Altus Midstream Company's Class A common stock price. The restricted stock units can be settled only in cash and vesting occurs ratably over three years.
F5 One share of APA common stock for each restricted stock unit.
F6 Vesting on 01/15/2022 of cash-based restricted stock units under employer plan. Vesting occurs ratably over three years.