Form 4: ConocoPhillips Director Niblock Reports Acquisition of Stock Units

Director Robert A. Niblock reports acquiring 63 stock units of ConocoPhillips (COP) on April 30, 2024, at a price of $127.6425 per unit.

Summary

• Robert A. Niblock, a director of ConocoPhillips, filed a Form 4 with the SEC.
• The filing reports the acquisition of 63 stock units on April 30, 2024.
• The price per stock unit was $127.6425.
• Niblock now beneficially owns 82,814.2297 stock units.
• The stock units convert to ConocoPhillips common stock on a 1-for-1 basis.
• Payment for the stock units will be in five equal annual installments beginning one year after separation from service.
• The reporting person can change the schedule of deferred payments.
• The reported holdings include units acquired through routine dividend transactions.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Future Outlook

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

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates