Mark D. Maddox - 05 Jan 2024 Form 4 Insider Report for APA Corp (APA)

Role
Executive VP - Administration
Signature
Raj Sharma, Attorney-in-Fact
Issuer symbol
APA
Transactions as of
05 Jan 2024
Net transactions value
-$289,830
Form type
4
Filing time
09 Jan 2024, 14:48:46 UTC
Previous filing
08 Jan 2024
Next filing
26 Jan 2024
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 +5,307 +10% 58,458 05 Jan 2024 Direct F1
transaction APA Common Stock Disposed to Issuer $182,242 -5,307 -9.1% $34.34 53,151 05 Jan 2024 Direct F1
transaction APA Common Stock Options Exercise $0 +7,961 +15% $0.000000 61,112 05 Jan 2024 Direct F2
transaction APA Common Stock Tax liability $107,587 -3,133 -5.1% $34.34 57,979 05 Jan 2024 Direct F3
holding APA Common Stock 2,132 05 Jan 2024 Held by Trustee of 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 -5,307 -14% $0.000000 32,849 05 Jan 2024 Common Stock 5,307 $0.000000 Direct F1, F4
transaction APA Restricted Stock / Units Options Exercise $0 -7,961 -24% $0.000000 24,888 05 Jan 2024 Common Stock 7,961 $0.000000 Direct F2, F5
transaction APA Restricted Stock / Units Award $0 +14,453 +58% $0.000000 39,341 08 Jan 2024 Common Stock 14,453 $0.000000 Direct F5, F6, F7
transaction APA Restricted Stock / Units Award $0 +9,635 +24% $0.000000 48,976 08 Jan 2024 Common Stock 9,635 $0.000000 Direct F5, F6, F8
* 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 01/05/2024 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 Vesting on 01/05/2024 of cash-based restricted stock units under employer plan. Vesting occurs ratably over three years.
F5 One share of APA common stock for each restricted stock unit.
F6 With tandem tax withholding right.
F7 Restricted stock units granted 01/08/2024 under employer plan. The units vests ratably over three years.
F8 Restricted stock units granted 01/08/2024 under employer plan. The units vests ratably over three years and may only be paid in cash.