John J. Christmann - Jan 25, 2023 Form 4 Insider Report for APA Corp (APA)

Role
CEO and President, Director
Signature
Raj Sharma, Attorney-in-Fact
Stock symbol
APA
Transactions as of
Jan 25, 2023
Transactions value $
-$7,853,583
Form type
4
Date filed
1/26/2023, 04:43 PM
Previous filing
Jan 9, 2023
Next filing
Feb 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APA Common Stock Options Exercise $0 +168K +32.86% $0.00 680K Jan 25, 2023 Direct F1
transaction APA Common Stock Disposed to Issuer -$7.85M -168K -24.73% $46.68 512K Jan 25, 2023 Direct F2
holding APA Common Stock 1.58K Jan 25, 2023 By JJC IV 1984 Trust
holding APA Common Stock 6.97K Jan 25, 2023 By JJC V 1998 Trust
holding APA Common Stock 6.97K Jan 25, 2023 By CAC 1998 Trust
holding APA Common Stock 136K Jan 25, 2023 Held by Trustee of NQ Plan
holding APA Common Stock 6.97K Jan 25, 2023 By CEC 2003 Trust
holding APA Common Stock 2.89K Jan 25, 2023 Held by Trustee of 401(k) 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 Award $0 +336K +125.33% $0.00 605K Jan 25, 2023 Common Stock 336K $0.00 Direct F2, F3, F4
transaction APA Restricted Stock / Units Options Exercise $0 -168K -27.81% $0.00 437K Jan 25, 2023 Common Stock 168K $0.00 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 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 With tandem tax withholding right.
F4 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.