APA Corp Director Peter A. Ragauss Receives Routine Stock Unit Grant

APA Corp ($APA) Form 4 Analysis

Executive Summary

On October 1, 2026, APA Corp director Peter A. Ragauss filed a Form 4 detailing an acquisition of 1,203 shares of common stock on September 30, 2026. The transaction was executed at $0.00 per share, reflecting an equity award granted as part of standard non-employee director compensation.

Key Transaction Details

• Insider: Peter A. Ragauss (Director)
• Transaction Type: Grant / Award (Code A)
• Shares Acquired: 1,203 shares
• Price per Share: $0.00
• Total Consideration: $0.00
• Post-Transaction Holdings: 103,649 shares (including deferred and dividend-accrued phantom stock units)

Filing Context & Footnote Highlights

• Footnote 1: Represents restricted stock units awarded under the 2016 Omnibus Compensation Plan, which immediately vest upon grant and are automatically deferred under the Outside Directors' Deferral Program (ODDP).
• Footnote 2: Total holdings following the transaction include the 1,203 newly deferred phantom stock units, 101,859 previously reported phantom stock units, and 587 units accrued via dividend reinvestment provisions under the ODDP.

Market Impact & Significance

This transaction carries Low informational significance for market participants. The grant constitutes standard quarterly director equity compensation rather than discretionary open-market insider buying.