David A. Pursell - 01 Feb 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 Feb 2022
Net transactions value
-$491,216
Form type
4
Filing time
03 Feb 2022, 15:04:22 UTC
Previous filing
01 Feb 2022
Next filing
04 Jan 2023
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 +8,899 +18% 58,241 01 Feb 2022 Direct F1
transaction APA Common Stock Disposed to Issuer $308,884 -8,899 -15% $34.71 49,342 01 Feb 2022 Direct F1
transaction APA Common Stock Options Exercise $0 +13,349 +27% $0.000000 62,691 01 Feb 2022 Direct F2
transaction APA Common Stock Tax liability $182,332 -5,253 -8.4% $34.71 57,438 01 Feb 2022 Direct F3
holding APA Common Stock 31,994 01 Feb 2022 Held by Trustee NQ Plan

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 -8,899 -6.3% $0.000000 132,425 01 Feb 2022 Common Stock 8,899 $0.000000 Direct F1, F4, F5
transaction APA Restricted Stock / Units Options Exercise $0 -13,349 -10% $0.000000 119,076 01 Feb 2022 Common Stock 13,349 $0.000000 Direct F2, F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit is the economic equivalent of one share of the Issuer's common stock and can only be settled in cash.
F2 Vesting on 02/01/2022 of restricted stock units under the employer plan. Vesting occurs ratably over three years.
F3 Shares withheld to cover required tax withholding on vesting of restricted stock.
F4 With tandem tax withholding right.
F5 Vesting on 02/01/2022 of cash-based restricted stock units under employer plan. Vesting occurs ratably over three years.
F6 One share of APA common stock for each restricted stock unit.