APA Corp Director Chansoo Joung Receives Routine Quarterly Equity Grant

APA Corp ($APA) Form 4 Analysis

Executive Summary Director Chansoo Joung acquired 1,203 shares of APA Corp common stock on September 30, 2026, through a standard equity grant at $0 per share. Following this transaction, Joung directly holds 246,547 shares (inclusive of deferred phantom stock units).

Key Details

• Transaction Nature: Restricted stock units granted under the 2016 Omnibus Compensation Plan, which immediately vest and are automatically deferred into phantom stock units under the Outside Directors' Deferral Program (ODDP).
• Volume & Value: 1,203 shares at $0.00 per share.
• Post-Transaction Holdings: 246,547 shares/units, comprising 140,285 shares of common stock and 106,262 phantom stock units (including dividend accruals).

Market Implications This filing represents standard non-employee director compensation rather than an open-market purchase or sale. Because the transaction is an automatic, routine equity award, it carries low trading significance for outside investors.