Form 4: APA Corp Director Receives Restricted Stock Units
Statement of Changes in Beneficial Ownership
APA Corp director Chansoo Joung was granted restricted stock units that immediately vested and were deferred under the company's Outside Directors' Deferral Program.
Summary
- Chansoo Joung, a Director at APA Corp, received 1,178 restricted stock units (RSUs) on March 31, 2026.
- These RSUs were granted under the company's 2016 Omnibus Compensation Plan.
- The RSUs immediately vested and were automatically deferred under the deferred compensation provisions of APA's Outside Directors' Deferral Program (ODDP).
- Following this transaction, Joung beneficially owns a total of 242,549 securities.
- This total includes the newly deferred RSUs, previously reported phantom stock units, phantom stock units accrued from dividends, and shares of common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine director compensation and ownership changes rather than significant financial performance or strategic shifts.
Positives
- Director compensation aligns with long-term incentive structures through RSUs and deferral programs.
- The immediate vesting and deferral mechanism suggests a commitment to retaining directors and aligning their interests with the company's performance over time.
Future Outlook
No specific future outlook or guidance is provided in this Form 4 filing, which details a change in beneficial ownership.
Industry Context
StockSavvy.ai notes that the granting and deferral of restricted stock units to non-employee directors is a common practice in the energy sector, including for companies like APA Corp, to align director incentives with long-term shareholder value.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Deferred Compensation Program | Restricted stock units granted to non-employee directors are automatically deferred under the Outside Directors' Deferral Program (ODDP). | Not specified, but program is active. | Enhances director retention and aligns long-term interests by deferring compensation. |
| Compensation Plan | Restricted stock units were granted under the 2016 Omnibus Compensation Plan. | Not specified, but plan is active. | Provides a framework for equity-based compensation for directors and employees. |
Stakeholder Impact
- Shareholders: The transaction reflects standard director compensation practices, aiming to align director interests with long-term shareholder value through equity awards and deferrals.
- Directors: Chansoo Joung benefits from the grant of RSUs, which are immediately vested and deferred, increasing their beneficial ownership in APA Corp.
Key Dates
| Date | Description |
|---|---|
| 03/31/2026 | Transaction Date for the grant and deferral of restricted stock units. |
| 03/31/2026 | Earliest transaction date reported on the form. |
| 04/02/2026 | Date the statement was signed by the reporting person's attorney-in-fact. |
Keywords
APA Corp, Form 4, Director Compensation, Restricted Stock Units, Deferred Compensation, Securities Ownership, Executive Compensation
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