Form 4: APA Corp Director Lamar McKay Reports Acquisition of Phantom Stock Units

Director Lamar McKay reported the acquisition of 384 phantom stock units of APA Corp on February 21, 2025, under the company's Outside Directors' Deferral Program.

Summary

• On February 21, 2025, Lamar McKay, a director of APA Corp, acquired 384 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 $22.79.
• Following the transaction, McKay directly owns 35,447 derivative securities.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating a director's acquisition of phantom stock units as part of a compensation plan. It doesn't inherently suggest positive or negative implications for the company's performance.

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.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of a director's acquisition of phantom stock units, a common form of executive compensation in publicly traded companies. It provides transparency into the alignment of director interests with shareholder value.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders, as the value of the units is tied to the company's stock performance.

Key Dates

Keywords

APA Corp, Director, Lamar McKay, Phantom Stock Units, Form 4, SEC, Beneficial Ownership, Outside Directors' Deferral Program