Form 4: ConocoPhillips Director Acquires Stock Units

ConocoPhillips Director Robert A. Niblock acquired 255 stock units, increasing his beneficial ownership to over 91,000 units.

Summary

• Robert A. Niblock, a Director of ConocoPhillips (COP), acquired 255 stock units on December 15, 2025.
• Each stock unit converts to one share of ConocoPhillips common stock on a 1-for-1 basis.
• The acquisition price for these units was $94.455 per unit.
• Following this transaction, Niblock beneficially owns 91,345.937 derivative securities (stock units).
• The reported beneficial ownership includes units acquired through routine dividend transactions, which are exempt under Rule 16a-11.
• Niblock has elected to receive payment for these units in five equal annual installments, commencing one year after his separation from service, with an option to modify this schedule.

Sentiment

Score: 6

Explanation: The acquisition of stock units by a director generally indicates confidence in the company's future, though the amount is relatively small in the context of total holdings.

Positives

• An insider (Director Robert A. Niblock) acquired additional stock units, which can signal confidence in the company's future prospects.
• The acquisition adds 255 stock units to his beneficial ownership.

Future Outlook

Robert A. Niblock has elected to receive payment for his stock units in five equal annual installments, beginning one year following his separation from service, with the flexibility to change this deferred payment schedule.

Management Comments

• "The reporting person has elected to receive payment in five equal annual installments beginning one year 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 Form 4 filing reports an individual insider transaction and does not provide broader industry context or trends. It reflects a director's personal investment decision within the energy sector.

Related Party Transactions

• The transaction involves a director acquiring securities from the issuer, which is a common type of insider transaction.

Stakeholder Impact

• Shareholders: May view the director's acquisition as a positive signal of confidence in ConocoPhillips' future performance.

Next Steps

• Payment for the acquired stock units will commence in five equal annual installments one year after Robert A. Niblock's separation from service, subject to potential changes in the deferred payment schedule.

Key Dates

Keywords

ConocoPhillips, COP, Insider Transaction, Form 4, Stock Units, Director, Robert A. Niblock, Equity Acquisition, Beneficial Ownership, SEC Filing