Form 4: APA Corp Executive's RSU Vesting and Tax Withholding

An APA Corp executive reported the vesting of restricted stock units and subsequent share dispositions for tax obligations.

Summary

• Mark D. Maddox, Executive VP Administration of APA Corp, reported transactions related to the vesting of restricted stock units (RSUs) on January 8, 2026.
• 3,212 cash-based restricted stock units vested, which are the economic equivalent of one share of common stock and were settled in cash. These were reported as an acquisition and subsequent disposition of 3,212 common shares at $25.37.
• 4,818 stock-settled restricted stock units vested, resulting in the acquisition of 4,818 shares of APA Corp common stock at a price of $0.
• 1,896 shares of common stock were disposed of at a price of $25.37 per share to cover required tax withholding obligations on the vesting of restricted stock.
• Following these transactions, Mr. Maddox directly beneficially owns 72,876.471 shares of common stock and indirectly owns 4,843.625 shares held by a Trustee of an NQ Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive, reflecting routine compensation vesting which is a positive for the executive, balanced by the expected disposition of shares for tax purposes.

Positives

• The vesting of 3,212 cash-based restricted stock units represents earned compensation for the executive, providing cash equivalent to the value of the shares.
• The vesting of 4,818 stock-settled restricted stock units increases the executive's direct beneficial ownership of APA Corp common stock by a net of 2,922 shares (4,818 acquired minus 1,896 withheld for taxes).

Negatives

• 1,896 shares of common stock were disposed of at $25.37 per share to cover tax withholding, reducing the executive's direct share ownership that would have otherwise resulted from the vesting.

Future Outlook

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

Industry Context

This filing details a routine insider transaction related to executive compensation, which is a standard practice across all industries for publicly traded companies and does not reflect broader industry trends or competitive positioning.

Related Party Transactions

• 4,843.625 shares are indirectly held by the Trustee of an NQ Plan, indicating a pre-existing arrangement for executive compensation.

Stakeholder Impact

• Shareholders: The vesting and tax withholding transactions are routine and do not indicate a significant change in company performance or strategy. The executive's ownership remains substantial.
• Employees: The filing highlights the structure of executive compensation, which may be indicative of broader employee incentive programs.

Key Dates

Keywords

APA Corp, APA, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Stock Ownership, Tax Withholding