Form 4: APA Corp President's Routine Stock Transactions

APA Corp President Stephen J. Riney reported routine transactions involving common stock and restricted stock units, including vesting and tax-related dispositions.

Summary

• Stephen J. Riney, President of APA Corp, reported transactions on January 8, 2026, related to his beneficial ownership of company stock.
• Riney acquired 8,538 shares of Common Stock upon the vesting of cash-based restricted stock units.
• Concurrently, 8,538 shares of Common Stock were disposed of, settled in cash, at a price of $25.37 per share, as per the terms of the cash-based restricted stock units.
• An additional 12,807 shares of Common Stock were acquired due to the vesting of restricted stock units under an employer plan.
• To cover required tax withholding on the vesting of restricted stock, 5,040 shares of Common Stock were disposed of at a price of $25.37 per share.
• Following these transactions, Riney directly holds 12,344.392 shares of Common Stock.
• Indirect beneficial ownership includes 94,681.596 shares held by a Trustee of NQ Plan and 194,589 shares held by the Lisa Riney 2016 Family Trust.
• Riney also continues to beneficially own 124,026 cash-based Restricted Stock Units and 111,219 Restricted Stock Units.

Sentiment

Score: 6

Explanation: The transactions reflect routine executive compensation activities, including the vesting of restricted stock units and subsequent share dispositions for tax purposes. This is a standard event and does not indicate a significant change in company fundamentals or management's outlook.

Positives

• The vesting of 8,538 cash-based restricted stock units and 12,807 restricted stock units demonstrates the maturation of long-term incentive compensation for the President.

Negatives

• Disposition of 5,040 shares of common stock to cover tax withholding reduces direct equity ownership.
• 8,538 restricted stock units were settled in cash, not equity, limiting direct share ownership increase from that portion.

Stakeholder Impact

• Shareholders: The transactions represent routine executive compensation, with a minor disposition of shares for tax purposes, which is a standard practice and not indicative of a change in company value.
• Management: Stephen J. Riney's continued significant direct and indirect equity holdings align his interests with long-term shareholder value.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation transactions, specifically the vesting of restricted stock units and subsequent share dispositions for tax withholding. It does not provide new fundamental information about APA Corp's operational performance or strategic direction that would warrant a change in investment recommendation.

Keywords

APA Corp, Stephen J. Riney, Form 4, insider trading, stock transactions, restricted stock units, RSU vesting, executive compensation, beneficial ownership