P. Anthony Lannie - 28 Jan 2022 Form 4 Insider Report for APA Corp (APA)

Role: Exec. Vice Pres & Gen Counsel
Signature: Raj Sharma, Attorney-in-Fact
Issuer symbol: APA
Transactions as of: 28 Jan 2022
Net transactions value: -$756,362
Form type: 4
Filing time: 01 Feb 2022, 10:53:47 UTC
Previous filing: 05 Jan 2022
Next filing: 03 Feb 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	+28,128	+16%	$0.000000	207,020	28 Jan 2022	Direct	F1
transaction	APA	Common Stock	Disposed to Issuer	$756,362	-28,128	-14%	$26.89	178,892	28 Jan 2022	Direct	F2

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	Award	$0	+56,256	+52%	$0.000000	164,260	28 Jan 2022	Common Stock	56,256	$0.000000	Direct	F2, F3, F4
transaction	APA	Restricted Stock / Units	Options Exercise	$0	-28,128	-17%	$0.000000	136,132	28 Jan 2022	Common Stock	28,128	$0.000000	Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	RSU vesting under 2019 Performance Program under 2016 Omnibus Equity Compensation Plan to be settled in cash only.
F2	Each restricted stock unit is the economic equivalent of one share of the Issuer's common stock and can only be settled in cash.
F3	With tandem tax withholding right.
F4	2019 Performance Program under 2016 Omnibus Equity Compensation Plan with performance period ended 12/31/2021. Final number of RSUs determined on 1/28/2022.