Form 4: APA Corp Director Acquires Phantom Stock Units Under Deferred Compensation Plan

Director Lamar McKay acquired 211 phantom stock units of APA Corp under the company's Outside Directors Deferral Program on May 22, 2024.

Summary

• On May 22, 2024, Lamar McKay, a director of APA Corp, acquired 211 phantom stock units.
• The acquisition was made under the deferred compensation provisions of APA's Outside Directors Deferral Program and is exempt under Rule 16b-3(d).
• Each phantom stock unit is equivalent to one share of APA common stock.
• The price of the phantom stock units is $30.13.
• Following the transaction, McKay directly owns 25,605 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, suggesting a neutral to slightly positive sentiment as it indicates alignment of interests.

Positives

• The acquisition of phantom stock units by a director signals confidence in the company's future performance.

Industry Context

This filing is a routine disclosure of a transaction by a company insider, which is common in the corporate world. It reflects the compensation structure and alignment of interests between directors and shareholders.

Stakeholder Impact

• The acquisition of phantom stock units by a director can positively influence shareholder confidence.

Key Dates