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

Director Annell R. Bay acquired 716 phantom stock units of APA Corp under the company's Outside Directors Deferral Program on August 22, 2024.

Summary

• On August 22, 2024, Annell R. Bay, a director of APA Corp, acquired 716 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 derivative security is $27.92.
• Following the transaction, Bay directly owns 80,799 derivative securities.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing simply reports a routine transaction related to director compensation. There is no indication of positive or negative implications for the company's performance.

Positives

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

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is a common practice for publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it relates to director compensation and does not significantly alter the company's financial position.

Key Dates