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

Director Annell R. Bay acquired 646 phantom stock units of APA Corp under the company's Outside Directors Deferral Program on May 22, 2024.

Summary

• On May 22, 2024, Annell R. Bay, a director of APA Corp, acquired 646 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, Bay directly owns 78,385 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of phantom stock units by a director suggests confidence in the company's future, but it's a routine transaction under a pre-existing compensation plan.

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 common for publicly traded companies like APA Corp. It provides transparency into the compensation and holdings of the company's directors.

Stakeholder Impact

• The acquisition of phantom stock units by a director can be viewed positively by shareholders as it aligns the director's interests with the company's performance.

Key Dates