Form 4: ConocoPhillips Director Acquires Additional Stock Units

ConocoPhillips Director Arjun Murti reported the acquisition of 2,215 stock units, increasing his beneficial ownership to 58,944.751 units.

Summary

• Director Arjun N. Murti acquired 2,215 stock units of ConocoPhillips on January 15, 2026.
• Each stock unit converts to one share of ConocoPhillips common stock on a 1-for-1 basis.
• Murti's beneficial ownership of derivative securities now totals 58,944.751 units following this transaction.
• The reporting person has elected to receive payment for these units as a lump sum six months following separation from service, with an option to change to an alternative deferred payment schedule.
• The reported price of the derivative security was $99.34.
• The total beneficial ownership includes units acquired through routine dividend transactions that are exempt under Rule 16a-11.
• A Substitute Power of Attorney was executed on January 6, 2026, appointing Kelly B. Rose as a substitute attorney-in-fact for various individuals, including Arjun N. Murti, for SEC filings.

Sentiment

Score: 7

Explanation: The acquisition of additional stock units by a director indicates confidence in the company's future prospects, which is generally viewed positively by the market, though it is a routine insider transaction.

Positives

• Director Arjun N. Murti increased his beneficial ownership in ConocoPhillips by acquiring 2,215 stock units, signaling confidence in the company's future prospects.

Future Outlook

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

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 reports a routine insider transaction for ConocoPhillips, reflecting a director's personal investment activity rather than broader industry trends. Such transactions are common for publicly traded companies and are closely monitored by investors for insights into management's confidence.

Management Changes

Corporate Governance

Related Party Transactions

• Acquisition of 2,215 stock units by Arjun N. Murti, a director of ConocoPhillips, representing an insider transaction.

Stakeholder Impact

• Shareholders may view the director's increased ownership as a positive signal of management's confidence in the company's long-term value.
• Management and employees see continued alignment of director interests with company performance.

Next Steps

• Payment of stock units to Arjun N. Murti six months following his separation from service, unless an alternative deferred payment schedule is elected.

Key Dates

Recommendation

The filing reports a routine insider acquisition of stock units by a director, which is a positive signal of confidence. However, it does not present new fundamental information or a significant change in the company's financial or operational outlook that would warrant an immediate change from a 'hold' position.

Keywords

ConocoPhillips, COP, Arjun Murti, Director, Insider Trading, Form 4, Stock Units, Beneficial Ownership, Energy Sector