D. Clay Bretches - 25 Jan 2023 Form 4 Insider Report for APA Corp (APA)

Role
Exec. VP, Operations
Signature
Raj Sharma, Attorney-in-Fact
Issuer symbol
APA
Transactions as of
25 Jan 2023
Net transactions value
-$1,520,881
Form type
4
Filing time
26 Jan 2023, 16:41:44 UTC
Previous filing
09 Jan 2023
Next filing
03 Feb 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 $0 +32,581 +92% $0.000000 67,897 25 Jan 2023 Direct F1
transaction APA Common Stock Disposed to Issuer $1,520,881 -32,581 -48% $46.68 35,344 25 Jan 2023 Direct F2, F3

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 +65,162 +75% $0.000000 151,533 25 Jan 2023 Common Stock 65,162 $0.000000 Direct F2, F4, F5
transaction APA Restricted Stock / Units Options Exercise $0 -32,581 -22% $0.000000 118,952 25 Jan 2023 Common Stock 32,581 $0.000000 Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSU vesting under 2020 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 This total reflects the amount of securities beneficially owned by the reporting person on January 25, 2023, following the reported transaction. The reporting person's Form 4 filed on January 15, 2021, inadvertently underreported the amount of securities beneficially owned following the January 15, 2021, reported transaction by 28 shares.
F4 With tandem tax withholding right.
F5 2020 Performance Program under 2016 Omnibus Equity Compensation Plan with performance period ended 12/31/2022. Final number of RSUs determined on 1/25/2023.