John J. Christmann - 25 Jan 2024 Form 4 Insider Report for APA Corp (APA)

Role
CEO, Director
Signature
Raj Sharma, Attorney-in-Fact
Issuer symbol
APA
Transactions as of
25 Jan 2024
Net transactions value
-$7,265,772
Form type
4
Filing time
26 Jan 2024, 12:32:58 UTC
Previous filing
09 Jan 2024
Next filing
05 Feb 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 $0 +202,502 +36% $0.000000 767,922 25 Jan 2024 Direct F1
transaction APA Common Stock Disposed to Issuer $7,265,772 -202,502 -26% $35.88 565,420 25 Jan 2024 Direct F2
holding APA Common Stock 1,625 25 Jan 2024 By JJC IV 1984 Trust
holding APA Common Stock 7,957 25 Jan 2024 By JJC V 1998 Trust
holding APA Common Stock 7,957 25 Jan 2024 By CAC 1998 Trust
holding APA Common Stock 7,957 25 Jan 2024 By CEC 2003 Trust
holding APA Common Stock 135,860 25 Jan 2024 Held by Trustee of NQ Plan
holding APA Common Stock 2,888 25 Jan 2024 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 +405,004 +178% $0.000000 632,932 25 Jan 2024 Common Stock 405,004 $0.000000 Direct F2, F3, F4
transaction APA Restricted Stock / Units Options Exercise $0 -202,502 -32% $0.000000 430,430 25 Jan 2024 Common Stock 202,502 $0.000000 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 2021 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 2021 Performance Program under 2016 Omnibus Equity Compensation Plan with performance period ended 12/31/2023. Final number of RSUs determined on 1/25/2024.