Form 4: ConocoPhillips Director Timothy A. Leach Sells 55,500 Shares
SEC Form 4
Director Timothy A. Leach sold 55,500 shares of ConocoPhillips (COP) common stock on August 13, 2024, at a weighted average price of $108.1127 per share.
Summary
- On August 13, 2024, Timothy A. Leach, a director of ConocoPhillips, sold 55,500 shares of the company's common stock.
- The sale was executed at a weighted average price of $108.1127 per share.
- Following the transaction, Leach directly owns 455,909 shares of ConocoPhillips common stock.
- The price range for the shares sold was between $107.88 and $108.52.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard disclosure of an insider stock sale. Without additional context, it's difficult to assess the motivation behind the sale or its impact on the company's outlook.
Industry Context
This is a routine disclosure of an insider transaction. It's important to monitor insider activity as it can provide insights into management's perspective on the company's valuation and future prospects. However, one sale does not necessarily indicate a negative outlook.
Stakeholder Impact
- The sale of shares by a director could potentially create short-term uncertainty among shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/14/2024 | Power of Attorney filed with the Commission |
| 08/13/2024 | Date of transaction: Sale of 55,500 shares of ConocoPhillips common stock |
| 08/14/2024 | Date of signature for the Form 4 filing |
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