Form 4: APA Corp Director Receives Restricted Stock Units
Statement of Changes in Beneficial Ownership
APA Corp director Annell R. Bay received restricted stock units under the company's compensation plan, which were immediately deferred as phantom stock units.
Summary
- Annell R. Bay, a Director at APA Corp, was granted 1,178 restricted stock units (RSUs) on March 31, 2026.
- These RSUs immediately vested and were automatically deferred under the company's Outside Directors' Deferral Program (ODDP) as phantom stock units.
- The total beneficial ownership of phantom stock units now stands at 101,536, which includes the newly deferred units, previously reported units, and accrued units from dividends.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine director compensation and does not provide new financial information or strategic updates.
Positives
- Director compensation through RSUs indicates alignment with company performance and long-term value creation.
- The immediate vesting and deferral mechanism suggests a structured approach to director compensation and retention.
Future Outlook
This filing does not contain forward-looking statements or guidance regarding future financial performance.
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, as a means to align executive and director interests with those of shareholders and incentivize long-term performance.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Director Compensation Plan | Grant of restricted stock units under the 2016 Omnibus Compensation Plan to non-employee directors. | 03/31/2026 | Standard compensation practice, reinforces director alignment with company performance. |
| Deferred Compensation Program | Automatic deferral of vested restricted stock units under the Outside Directors' Deferral Program (ODDP) into phantom stock units. | 03/31/2026 | Provides a structured mechanism for director compensation and potential long-term incentive. |
Stakeholder Impact
- Shareholders: The issuance of RSUs to directors is a standard compensation practice that aligns director interests with shareholder value, but does not represent a new capital event.
Key Dates
| Date | Description |
|---|---|
| 03/31/2026 | Transaction Date for the grant and deferral of restricted stock units. |
| 04/02/2026 | Date the Form 4 filing was signed. |
Keywords
APA Corp, Form 4, Director Compensation, Restricted Stock Units, Phantom Stock Units, Deferred Compensation, SEC Filing, Beneficial Ownership
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