Form 4: APA Corp Director Receives Restricted Stock Units
Statement of Changes in Beneficial Ownership
APA Corp director Juliet S. Ellis received restricted stock units that immediately vest and are deferred as phantom stock units.
Summary
- Juliet S. Ellis, a Director at APA Corp, received 1,178 restricted stock units (RSUs) on March 31, 2026.
- These RSUs immediately vest and are automatically deferred under the company's Outside Directors' Deferral Program (ODDP) as phantom stock units.
- The total beneficial ownership reported by Ms. Ellis following this transaction includes these new units, 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 represents a routine compensation event for a director and does not contain new financial performance data or strategic shifts.
Positives
- Director compensation through RSUs indicates alignment of director interests with the company's performance.
- Immediate vesting and deferral mechanism provides a clear and structured compensation approach for non-employee directors.
Future Outlook
This filing does not contain forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that the issuance of restricted stock units to directors is a common practice in the energy sector, including for companies like APA Corp, to align executive and director compensation with shareholder interests and long-term company performance.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Director Compensation Plan | Grant of restricted stock units under the 2016 Omnibus Compensation Plan, which immediately vest and are deferred under the Outside Directors' Deferral Program (ODDP). | 03/31/2026 | Standard compensation practice for non-employee directors, designed to align interests. |
Stakeholder Impact
- Shareholders: The transaction reflects standard director compensation, aligning director interests with the company's performance through equity awards.
Key Dates
| Date | Description |
|---|---|
| 03/31/2026 | Transaction Date for acquisition of restricted stock units. |
| 04/02/2026 | Date of signature for the filing. |
Keywords
APA Corp, Form 4, Director Compensation, Restricted Stock Units, Phantom Stock Units, Beneficial Ownership, SEC Filing
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