P. Anthony Lannie - Jan 25, 2024 Form 4 Insider Report for APA Corp (APA)

Role
Exec. Vice Pres & Gen Counsel
Signature
Raj Sharma, Attorney-in-Fact
Stock symbol
APA
Transactions as of
Jan 25, 2024
Transactions value $
-$1,955,747
Form type
4
Date filed
1/26/2024, 12:36 PM
Previous filing
Jan 9, 2024
Next filing
Feb 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APA Common Stock Options Exercise $0 +54.5K +62.79% $0.00 141K Jan 25, 2024 Direct F1
transaction APA Common Stock Disposed to Issuer -$1.96M -54.5K -38.57% $35.88 86.8K Jan 25, 2024 Direct F2
holding APA Common Stock 40.8K Jan 25, 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 Award $0 +109K +198.12% $0.00 164K Jan 25, 2024 Common Stock 109K $0.00 Direct F2, F3, F4
transaction APA Restricted Stock / Units Options Exercise $0 -54.5K -33.23% $0.00 110K Jan 25, 2024 Common Stock 54.5K $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 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.