Form 4: ConocoPhillips Chairman and CEO Ryan Michael Lance Reports Stock Transactions
SEC Form 4 Filing
Ryan Michael Lance, Chairman and CEO of ConocoPhillips, reports the acquisition and disposal of common stock and stock units on February 8, 2025.
Summary
- On February 8, 2025, Ryan Michael Lance, Chairman and CEO of ConocoPhillips, reported transactions involving ConocoPhillips common stock and stock units.
- Lance acquired 58,699 shares of common stock through the conversion of stock units.
- He also disposed of 20,210 shares of common stock at a price of $99.36 per share.
- Following these transactions, Lance directly owns 45,269 shares of common stock.
- Additionally, he indirectly owns 74,732 shares through the Lance Family Trust and 20,775.537 shares through the ConocoPhillips Savings Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key executives and directors, which can sometimes provide insights into their perspectives on the company's prospects.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The information disclosed is consistent with SEC regulations and reporting requirements.
- Similar filings are made by executives at comparable companies like ExxonMobil (XOM) and Chevron (CVX) to report changes in their beneficial ownership.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a key executive.
- The filing ensures transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 02/13/2024 | Power of Attorney filed with the Commission |
| 02/08/2025 | Date of earliest transaction: Acquisition and disposal of common stock and stock units |
| 02/11/2025 | Date of signature for the report |
Keywords
ConocoPhillips, COP, Ryan Michael Lance, Stock Units, Common Stock, Form 4, SEC Filing, Beneficial Ownership, Transactions
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