APA Corp (APA) director gets 1,178 RSUs deferred into phantom units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Weaving Anya reported acquisition or exercise transactions in this Form 4 filing.
APA Corp director Anya Weaving reported a compensation grant of 1,178 restricted stock units tied to APA common stock. These units immediately vest and are automatically deferred into phantom stock units under APA’s Outside Directors' Deferral Program.
After this grant and deferral, her reported total is 16,953 phantom stock units, including 15,639 units from prior awards and 136 units accrued from dividends. This is a routine non-cash equity award for a non-employee director rather than an open-market share purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Weaving Anya
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,178 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 16,953 shares (Direct)
Footnotes (1)
- Restricted stock units granted to each of APA's non-employee directors under the 2016 Omnibus Compensation Plan, which immediately vest and are automatically deferred under the deferred compensation provisions of APA's Outside Directors' Deferral Program (the "ODDP"). The reporting person has reported prior awards of restricted stock units and automatic deferrals in the form of phantom stock units in Table II of Form 4. The total reported in Column 5 includes 1,178 newly deferred phantom stock units, 15,639 phantom stock units previously reported in Table II, and 136 phantom stock units accrued under the ODDP attributable to dividends paid on APA common stock.
Key Figures
New RSU grant: 1,178 units
Total phantom units after grant: 16,953 units
Previously reported phantom units: 15,639 units
+1 more
4 metrics
New RSU grant
1,178 units
Restricted stock units granted and immediately deferred
Total phantom units after grant
16,953 units
Reported total phantom stock units following transaction
Previously reported phantom units
15,639 units
Phantom stock units from prior awards
Dividend-derived phantom units
136 units
Phantom units accrued from dividends on APA common stock
Key Terms
restricted stock units, phantom stock units, Outside Directors' Deferral Program, 2016 Omnibus Compensation Plan
4 terms
restricted stock units financial
"Restricted stock units granted to each of APA's non-employee directors"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
phantom stock units financial
"automatic deferrals in the form of phantom stock units in Table II"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Outside Directors' Deferral Program financial
"deferred under the deferred compensation provisions of APA's Outside Directors' Deferral Program"
2016 Omnibus Compensation Plan financial
"granted to each of APA's non-employee directors under the 2016 Omnibus Compensation Plan"
FAQ
What did APA (APA) director Anya Weaving report on this Form 4?
Director Anya Weaving reported receiving 1,178 restricted stock units that vest immediately and are deferred as phantom stock units. The filing shows this as a routine non-cash equity award under APA’s director compensation and deferral programs.
How many restricted stock units did APA (APA) grant to Anya Weaving?
APA granted Anya Weaving 1,178 restricted stock units. These units immediately vest and are automatically converted into phantom stock units under the Outside Directors' Deferral Program, rather than being taken as directly held APA common shares.
What are phantom stock units in the APA (APA) Form 4 filing?
Phantom stock units are bookkeeping entries that mirror APA common stock value instead of actual shares. In this filing, restricted stock units are automatically deferred into phantom stock units under the Outside Directors' Deferral Program for non-employee directors.
How many APA (APA) phantom stock units does Anya Weaving now hold?
After the latest grant and automatic deferral, Anya Weaving’s reported total is 16,953 phantom stock units. This includes 1,178 newly deferred units, 15,639 previously reported phantom units, and 136 phantom units credited from dividends on APA common stock.