Form 4: APA Corp Director Juliet S. Ellis Reports Acquisition of Phantom Stock Units

Director Juliet S. Ellis reports acquiring 441 phantom stock units of APA Corp under the company's deferred compensation program.

Summary

• Juliet S. Ellis, a director of APA Corp, filed a Form 4 on May 24, 2024, reporting a transaction that occurred on May 22, 2024.
• The transaction involved the acquisition of 441 phantom stock units at a price of $30.13 per unit.
• These units were acquired under APA's Outside Directors Deferral Program, as an exempt acquisition pursuant to Rule 16b-3(d).
• Following the transaction, Ellis directly owns 53,672 shares of APA Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation. The acquisition of stock units can be seen as a positive sign of confidence, but it's not a major event.

Positives

• The acquisition of phantom stock units by a director can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. Directors often receive stock-based compensation as part of their overall remuneration.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals director confidence.

Key Dates