Form 4: APA Corp Executive VP Mark Maddox Reports Share Transactions

Executive VP of Administration at APA Corp, Mark Maddox, reports the vesting and subsequent disposal of restricted stock units on January 1, 2025.

Summary

• Mark Maddox, Executive VP of Administration at APA Corp, reported transactions involving the company's common stock on January 1, 2025.
• 35,076 restricted stock units (RSUs) vested under the 2021 Performance Program and were settled in cash.
• These vested RSUs were economically equivalent to shares of common stock and were disposed of at a price of $23.09 per unit.
• Following these transactions, Maddox directly owns 60,050.471 shares of common stock and indirectly owns 2,575.399 shares held by a trustee of a non-qualified plan.
• Maddox also holds 43,283 derivative securities in the form of restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by an executive, which is neither positive nor negative in itself. It is a neutral event.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It provides transparency into the holdings and transactions of key personnel.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The vesting and cash settlement of RSUs are common forms of executive compensation, and the details provided are typical for such disclosures.
• The reported transactions are similar to those of other executives in comparable companies, such as those in the oil and gas sector.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the vesting and disposal of executive compensation.
• The filing provides transparency to stakeholders regarding executive stock ownership.

Key Dates

Keywords

Form 4, APA Corp, Mark Maddox, Restricted Stock Units, RSU, Executive Compensation, Share Transactions, Beneficial Ownership