Form 4: ConocoPhillips Director Acquires Stock Units

Director Gay Huey Evans acquired 2,093 stock units of ConocoPhillips, convertible to common stock, as part of a deferred compensation plan.

Summary

• Gay Huey Evans, a director at ConocoPhillips, acquired 2,093 stock units on January 15, 2025.
• These stock units are convertible to ConocoPhillips common stock on a 1-for-1 basis.
• The acquisition is part of a deferred compensation plan, with payment scheduled one year after separation from service, though this can be changed.
• The price of the stock units was $105.155 per unit.
• Following the transaction, Ms. Evans beneficially owns 49,518.0595 stock units.
• The transaction also includes units acquired through routine dividend transactions.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed as neutral to slightly positive as it aligns director interests with company performance.

Positives

• The acquisition of stock units by a director demonstrates confidence in the company's future.
• The deferred compensation plan aligns the director's interests with the long-term performance of the company.

Future Outlook

The stock units will convert to common stock, with payment scheduled one year after separation from service, unless an alternative schedule is chosen.

Industry Context

This is a routine filing related to director compensation and is common in the oil and gas industry.

Comparison to Industry Standards

• Stock-based compensation is a common practice for directors in large publicly traded companies, including those in the energy sector.
• Companies like ExxonMobil (XOM) and Chevron (CVX) also use stock units and deferred compensation plans for their directors.
• The specific terms of these plans can vary, but the general structure of deferred payments and vesting periods is similar across the industry.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's long-term performance.

Key Dates

Keywords

ConocoPhillips, stock units, director, beneficial ownership, deferred compensation, Form 4, insider trading