Form 4: ConocoPhillips Director David T. Seaton Acquires Stock Units

ConocoPhillips director David T. Seaton acquired 2,093 stock units, convertible to common stock, on January 15, 2025.

Summary

• David T. Seaton, 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 price of the stock units was $105.155 each.
• Mr. Seaton has elected to receive payment for these units as a lump sum six months after leaving the company, though this can be changed.
• The reported transaction also includes units acquired through routine dividend transactions.

Sentiment

Score: 7

Explanation: The document is a routine SEC filing detailing a stock unit acquisition by a director, which is a normal part of executive compensation. There is no indication of any positive or negative sentiment.

Industry Context

This is a routine filing related to a director's acquisition of stock units, which is common practice in publicly traded companies as part of executive compensation.

Comparison to Industry Standards

• Stock unit grants are a common form of compensation for directors and executives in the oil and gas industry, similar to practices at companies like ExxonMobil and Chevron.
• The vesting and payment terms, such as the lump sum payment after separation, are also standard in executive compensation packages.
• The reporting of these transactions via SEC Form 4 is a standard regulatory requirement for all publicly traded companies.

Stakeholder Impact

• The transaction has a minor positive impact on the director's stake in the company.
• The transaction has no immediate impact on other stakeholders.

Key Dates

Keywords

ConocoPhillips, stock units, David T. Seaton, director, beneficial ownership, SEC Form 4, equity securities, insider trading