Form 4: APA Corp Director Charles W. Hooper Discloses Routine Equity Transactions
Insider Transaction Report
A Form 4 filing reveals Charles W. Hooper, a Director of APA Corp, acquired phantom stock units and both acquired and vested restricted stock units on June 30, 2025.
Summary
- Charles W. Hooper, a Director of APA Corp, engaged in several equity transactions on June 30, 2025.
- He acquired 2,733 phantom stock units, which are convertible into one share of APA common stock per unit, as part of the company's Outside Directors' Deferral Program.
- Following this acquisition, beneficial ownership of phantom stock units increased to 23,882.
- Additionally, he was granted 2,733 restricted stock units (RSUs) under the 2016 Omnibus Compensation Plan.
- Simultaneously, 2,733 previously granted restricted stock units vested, resulting in 0 units remaining from that specific grant.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of director equity compensation and vesting, which is a neutral event in terms of company performance or outlook.
Positives
- Acquisition of 2,733 phantom stock units aligns the director's interests with shareholders.
- Grant of 2,733 restricted stock units under a shareholder-approved compensation plan indicates ongoing director compensation and retention.
Future Outlook
NA
Industry Context
This is a standard insider transaction disclosure for a director of an energy company (APA Corp is an oil and gas exploration and production company). Such filings are routine and reflect compensation practices for non-employee directors across various industries.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compensation Plan Reference | Restricted stock units were granted under the 2016 Omnibus Compensation Plan, which was approved by shareholders in May 2016, indicating adherence to established governance frameworks for executive and director compensation. | 06/30/2025 | Reinforces transparency and shareholder oversight of director compensation. |
Stakeholder Impact
- Shareholders: The transactions represent routine director compensation, aligning director interests with shareholders through equity ownership.
Key Dates
| Date | Description |
|---|---|
| May 2016 | Shareholders approved the 2016 Omnibus Compensation Plan. |
| 06/30/2025 | Transaction date for the acquisition of phantom stock units, acquisition of restricted stock units, and vesting of restricted stock units. |
| 07/01/2025 | Date the Form 4 was signed by John D. Montanti, Attorney-in-Fact for Charles W. Hooper. |
Keywords
APA Corp, Charles W. Hooper, Form 4, Insider Trading, Director Compensation, Equity Awards, Phantom Stock Units, Restricted Stock Units, SEC Filing
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