Form 4: ConocoPhillips Director Acquires 2,215 Stock Units

ConocoPhillips Director Nelda J Connors acquired 2,215 stock units, convertible to common stock, at a price of $99.34 per unit.

Summary

• Nelda J Connors, a Director at ConocoPhillips (COP), acquired 2,215 derivative securities in the form of stock units.
• The transaction occurred on January 15, 2026.
• Each stock unit converts to one share of ConocoPhillips common stock.
• The acquisition price for these units was $99.34 per unit.
• Following this transaction, Ms. Connors beneficially owns 6,940.9 derivative securities.
• Payment for these units is elected as a lump sum six months following separation from service, with an option to change to an alternative deferred payment schedule.
• The reported beneficial ownership includes units acquired through routine dividend transactions, which are exempt under Rule 16a-11.

Sentiment

Score: 6

Explanation: The acquisition of stock units by a director is generally a positive signal of alignment and confidence, though this appears to be a routine compensation-related transaction rather than a discretionary market purchase.

Positives

• A director, Nelda J Connors, increased her beneficial ownership in ConocoPhillips by acquiring 2,215 stock units, signaling continued alignment with shareholder interests.
• The acquisition price of $99.34 per unit reflects a specific valuation at the time of the transaction.

Future Outlook

The reporting person has elected to receive payment for the stock units as a lump sum six months following separation from service, with an option to change to an alternative deferred payment schedule.

Management Comments

• The reporting person has elected to receive payment as a lump sum six months following separation from service, which election may be changed by the reporting person to provide for an alternative schedule of deferred payments.

Industry Context

This filing represents a routine insider transaction for a director at a major integrated energy company, ConocoPhillips, and does not provide broader industry context or trends.

Related Party Transactions

• Nelda J Connors, a Director of ConocoPhillips, acquired 2,215 stock units from the company, which is a related party transaction.

Stakeholder Impact

• Shareholders: The acquisition by a director can be viewed positively as it aligns management interests with shareholder value. Upon conversion, it will slightly increase the number of outstanding shares.

Next Steps

• The acquired stock units will convert to ConocoPhillips common stock on a 1-for-1 basis.
• Payment for the units is scheduled as a lump sum six months following the reporting person's separation from service, subject to potential changes in the deferred payment schedule.

Key Dates

Keywords

ConocoPhillips, COP, SEC Form 4, Insider Trading, Director Stock Acquisition, Stock Units, Beneficial Ownership, Energy Sector