Form 4: ConocoPhillips Director Nelda J. Connors Reports Acquisition of Stock Units

Director Nelda J. Connors of ConocoPhillips reported the acquisition of 2,093 stock units on January 15, 2025.

Summary

• Nelda J. Connors, a director at ConocoPhillips, acquired 2,093 stock units on January 15, 2025.
• These stock units convert to ConocoPhillips common stock on a 1-for-1 basis.
• The price of the stock units was $105.155 per unit.
• Following the transaction, Ms. Connors beneficially owns 3,187.3483 stock units.
• 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.
• The reported amount includes units acquired through routine dividend transactions that are exempt under rule 16a-11.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing a stock unit acquisition by a director, which is neither positive nor negative in itself.

Positives

• The acquisition of stock units by a director may signal confidence in the company's future performance.

Future Outlook

The stock units will convert to common stock on a 1-for-1 basis, with payment to be received as a lump sum six months following separation from service, unless an alternative schedule is chosen.

Industry Context

This is a routine filing related to insider transactions, which is common for publicly traded companies like ConocoPhillips. It provides transparency into the holdings of company directors.

Comparison to Industry Standards

• Reporting of stock unit acquisitions by directors is a standard practice for publicly traded companies, as mandated by the SEC.
• Similar filings are regularly made by directors and officers of other large energy companies such as ExxonMobil (XOM) and Chevron (CVX).

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director holdings.

Key Dates

Keywords

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