Form 4: APA Corp Director Charles W. Hooper Reports Stock Transactions

Director Charles W. Hooper of APA Corp reports the acquisition and vesting of restricted stock units and phantom stock units on December 31, 2024.

Summary

• Charles W. Hooper, a director at APA Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On December 31, 2024, Hooper acquired 2,165 phantom stock units, which are equivalent to one share of APA common stock each.
• These phantom stock units were accrued under the deferred compensation provisions of APA's Outside Directors' Deferral Program.
• Also on December 31, 2024, Hooper was granted 2,165 restricted stock units, each representing one share of APA common stock.
• These restricted stock units were granted under the 2016 Omnibus Compensation Plan.
• Additionally, 2,165 restricted stock units previously granted to Hooper vested on December 31, 2024.
• Following these transactions, Hooper directly owns 18,259 restricted stock units and no phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects standard director compensation practices, indicating a neutral to slightly positive sentiment due to alignment of interests.

Positives

• The acquisition of phantom stock units and grant of restricted stock units indicate continued alignment of director interests with shareholder value.
• The vesting of restricted stock units is a standard part of director compensation.

Industry Context

This filing is a routine disclosure of stock transactions by a company director, which is common practice in publicly traded companies.

Comparison to Industry Standards

• The use of phantom stock units and restricted stock units is a common practice for compensating directors in the oil and gas industry.
• Many companies in the sector use similar compensation plans to align the interests of directors with those of shareholders.
• The 2016 Omnibus Compensation Plan is a typical long-term incentive plan used by many public companies.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders by aligning director interests with company performance.
• The transactions have no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, APA Corp, Charles W. Hooper, Director, Stock Units, Phantom Stock, Restricted Stock, Beneficial Ownership, Deferred Compensation, Omnibus Compensation Plan