Form 4: APA Corp Director Annell R. Bay Reports Routine Equity Compensation Transactions

Annell R. Bay, a Director at APA Corp, reported the acquisition of phantom stock units and the grant and subsequent vesting of restricted stock units as part of her compensation.

Summary

• Annell R. Bay, a Director of APA Corp, reported transactions related to her beneficial ownership of company securities.
• On June 30, 2025, Ms. Bay acquired 2,733 phantom stock units, which accrue under the deferred compensation provisions of APA's Outside Directors' Deferral Program.
• Each phantom stock unit is equivalent to one share of APA common stock, increasing her beneficial ownership of phantom stock units to 93,305.
• Also on June 30, 2025, Ms. Bay was granted 2,733 restricted stock units under the 2016 Omnibus Compensation Plan, which was approved by shareholders in May 2016.
• Concurrently, 2,733 restricted stock units previously granted under the same 2016 Omnibus Compensation Plan vested, resulting in a disposition of these units from her restricted stock unit balance.

Sentiment

Score: 5

Explanation: The document reports routine insider transactions related to director compensation, which is neutral in sentiment as it reflects standard operational procedures rather than significant positive or negative events.

Industry Context

This filing represents a routine disclosure of director compensation in the form of equity awards, common practice across publicly traded companies to align director interests with shareholder value.

Corporate Governance

Stakeholder Impact

• Shareholders: The report details routine equity compensation for a director, which is part of the company's overall compensation strategy and aligns director interests with shareholder value through equity ownership.

Key Dates

Keywords

APA Corp, Annell R. Bay, Form 4, SEC filing, insider transaction, director compensation, phantom stock units, restricted stock units, equity compensation, corporate governance