D. Clay Bretches - Feb 1, 2023 Form 4 Insider Report for APA Corp (APA)

Role
Exec. VP, Operations
Signature
Raj Sharma, Attorney-in-Fact
Stock symbol
APA
Transactions as of
Feb 1, 2023
Transactions value $
-$337,305
Form type
4
Date filed
2/3/2023, 09:35 AM
Previous filing
Jan 26, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APA Common Stock Options Exercise +4.89K +13.83% 40.2K Feb 1, 2023 Direct F1
transaction APA Common Stock Disposed to Issuer -$212K -4.89K -12.15% $43.40 35.3K Feb 1, 2023 Direct F1
transaction APA Common Stock Options Exercise $0 +7.33K +20.74% $0.00 42.7K Feb 1, 2023 Direct F2
transaction APA Common Stock Tax liability -$125K -2.89K -6.76% $43.40 39.8K Feb 1, 2023 Direct 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 Options Exercise $0 -4.89K -4.11% $0.00 114K Feb 1, 2023 Common Stock 4.89K $0.00 Direct F1, F4, F5
transaction APA Restricted Stock / Units Options Exercise $0 -7.33K -6.43% $0.00 107K Feb 1, 2023 Common Stock 7.33K $0.00 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 02/01/2023 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 02/01/2023 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.