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

Director Nelda J Connors reports acquiring 664 stock units of ConocoPhillips (COP) convertible to common stock, with payment elected as a lump sum six months post-separation.

Summary

• Nelda J Connors, a director of ConocoPhillips, filed a Form 4 with the SEC.
• The report details the acquisition of 664 stock units on September 3, 2024.
• These stock units are convertible to ConocoPhillips common stock on a 1-for-1 basis.
• The price of the stock units is $110.56.
• Connors has elected to receive payment as a lump sum six months following separation from service, with the option to change to an alternative deferred payment schedule.
• Following the transaction, Connors directly owns 664 derivative securities.

Sentiment

Score: 5

Explanation: This is a neutral informational filing. It simply reports a transaction by a company director.

Future Outlook

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

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, in their company's stock. This allows the public to monitor insider activity, which can sometimes provide insights into management's perspective on the company's valuation and future prospects.

Stakeholder Impact

• The acquisition of stock units by a director could be perceived positively by shareholders as it aligns the director's interests with those of the shareholders.

Key Dates