Form 4: APA Corp CFO's RSU Vesting & Tax Withholding

APA Corp's EVP and CFO, Ben C. Rodgers, reported the vesting of restricted stock units, with some settled in cash and others involving share withholding for taxes.

Summary

• Ben C. Rodgers, EVP and CFO of APA Corp, reported multiple transactions related to the vesting of restricted stock units (RSUs).
• On January 2, 2026, 15,141 restricted stock units vested under the 2022 Performance Program. These units were the economic equivalent of one share of common stock and were settled in cash only, not actual shares.
• On January 4, 2026, an additional 1,676 cash-based restricted stock units vested under an employer plan, also settled in cash only.
• Also on January 4, 2026, 2,513 restricted stock units vested under an employer plan, for which one share of APA common stock was issued for each unit.
• Following the vesting of these 2,513 restricted stock units, 989 shares of APA common stock were withheld by the issuer at a price of $25.36 per share to cover required tax withholding obligations.
• Mr. Rodgers' direct beneficial ownership of APA common stock after these transactions is 36,540 shares.

Sentiment

Score: 5

Explanation: The filing reports routine, pre-scheduled compensation events for an executive, which are neither inherently positive nor negative for the company's operational or financial performance. The cash settlement of some RSUs and tax withholding for others are standard procedures.

Positives

• Vesting of restricted stock units represents earned compensation for the EVP and CFO, Ben C. Rodgers.
• The vesting events are part of a pre-scheduled compensation plan, indicating routine executive remuneration.

Negatives

• A significant portion of the vested restricted stock units (15,141 units and 1,676 units) were settled in cash only, meaning these specific units did not directly increase the executive's equity ownership in the company.
• 989 shares of common stock, valued at $25.36 per share (totaling $25,070.04), were disposed of to cover tax withholding, reducing the number of shares beneficially owned by Mr. Rodgers.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing details routine executive compensation events, specifically the vesting of restricted stock units and associated tax withholdings, which are common practices across publicly traded companies for incentivizing and retaining key management personnel.

Stakeholder Impact

• Shareholders: The transactions represent routine executive compensation and do not indicate any significant change in company strategy or financial health. The disposition of shares for tax withholding is a standard practice and has a minimal dilutive effect.
• Employees: The filing highlights the company's ongoing executive compensation structure, which may be relevant for broader compensation policies.

Key Dates

Keywords

APA Corp, Form 4, insider transaction, restricted stock units, RSU vesting, executive compensation, Ben C. Rodgers, CFO