Form 4: APA Corp CFO Rodgers Reports Stock Vesting, Tax Withholding

APA Corp's EVP and CFO, Ben C. Rodgers, reported the vesting of restricted stock units and subsequent share transactions, including tax withholding, on January 8, 2026.

Summary

• Ben C. Rodgers, EVP and CFO of APA Corp, reported transactions related to the vesting of restricted stock units.
• On January 8, 2026, 2,372 restricted stock units, which are cash-settled and equivalent to one share of common stock, vested.
• Concurrently, 3,557 restricted stock units, which convert to one share of common stock each, also vested under the employer plan.
• Following the vesting, 1,400 shares of common stock were disposed of at a price of $25.37 per share to cover required tax withholding.
• After these transactions, Rodgers' direct beneficial ownership of common stock is 38,697 shares.
• His direct beneficial ownership of derivative restricted stock units is 25,334 cash-settled units and 21,777 stock-settled units.

Sentiment

Score: 5

Explanation: The filing is neutral as it reports routine executive compensation events (vesting and tax withholding) which are expected and do not indicate any significant positive or negative operational or financial developments for the company.

Positives

• Vesting of restricted stock units represents a component of executive compensation, indicating continued employment and alignment with company performance.

Negatives

• Disposition of 1,400 shares to cover tax withholding reduces the executive's direct shareholding, though this is a standard practice for equity compensation.

Related Party Transactions

• The transactions involve the vesting of restricted stock units granted under an employer plan to Ben C. Rodgers, an executive of APA Corp, which is a standard form of related party compensation.

Stakeholder Impact

• Shareholders: The transactions are routine and part of executive compensation, unlikely to have a material impact on share price or company value.
• Employees: Reflects standard executive compensation practices.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation events (vesting of restricted stock units and tax-related share dispositions). These transactions are expected and do not provide new information that would alter the fundamental investment thesis for APA Corp. Therefore, a 'hold' recommendation is appropriate, maintaining existing positions based on broader company performance and market conditions rather than this specific insider filing.

Keywords

APA Corp, Ben C. Rodgers, EVP and CFO, Form 4, SEC filing, restricted stock units, stock vesting, insider transaction, equity compensation, tax withholding