Form 4: APA Corp Executive VP Mark Maddox Reports Stock Transactions
SEC Form 4 Filing
Executive VP of Administration at APA Corp, Mark Maddox, reports the vesting and subsequent sale of restricted stock units and shares on January 4, 2025.
Summary
- Mark Maddox, Executive VP of Administration at APA Corp, reported several transactions involving the company's stock on January 4, 2025.
- These transactions include the vesting of 5,400 restricted stock units, which were settled in cash, and the vesting of 8,100 restricted stock units, which were settled in shares.
- Additionally, 5,400 shares were disposed of at a price of $23.42 per share, and 3,189 shares were withheld to cover tax obligations.
- Following these transactions, Maddox directly owns 64,961.471 shares of common stock and indirectly owns 2,575.399 shares held by a trustee of a non-qualified plan.
- He also holds 37,883 restricted stock units that are settled in cash and 29,783 restricted stock units that are settled in shares.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock transactions by an executive, and does not contain any information that would be considered positive or negative from an investment perspective.
Industry Context
This is a routine filing related to executive compensation and stock transactions, which is common in publicly traded companies.
Comparison to Industry Standards
- The vesting and sale of restricted stock units are standard practices for executive compensation in publicly traded companies.
- The tax withholding of shares is also a common practice to cover tax obligations related to stock-based compensation.
- The reporting of these transactions via SEC Form 4 is a standard regulatory requirement for company insiders.
Stakeholder Impact
- The transactions have a minor impact on the total outstanding shares of APA Corp.
- The sale of shares by an executive may be of interest to shareholders, but is a routine event.
Key Dates
| Date | Description |
|---|---|
| 01/04/2025 | Date of stock transactions including vesting of restricted stock units and sale of shares. |
| 01/07/2025 | Date of signature for the Form 4 filing. |
Keywords
APA Corp, stock transactions, restricted stock units, insider trading, executive compensation, Form 4, Mark Maddox
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